{"id":63992,"date":"2025-07-14T04:45:21","date_gmt":"2025-07-14T04:45:21","guid":{"rendered":"https:\/\/www.europesays.com\/us\/63992\/"},"modified":"2025-07-14T04:45:21","modified_gmt":"2025-07-14T04:45:21","slug":"applied-materials-acquires-east-valley-industrial-building","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/63992\/","title":{"rendered":"Applied Materials acquires East Valley industrial building"},"content":{"rendered":"

Less than a year after GO Industrial delivered one of its newest Arizona industrial projects, the Phoenix company has offloaded the nearly 182,000-square-foot building to a California semiconductor supplier.<\/p>\n

Santa Clara-based Applied Materials acquired the GO|AZ Ave building located in Chandler from GO Industrial on June 17 for $41.15 million, according to Maricopa County documents. The GO|AZ Ave building sits on a 10-acre site.<\/p>\n

The building, covering 181,655 square feet, has multitenant capabilities and features a 3,219-square-foot office component.\u00a0CBRE\u2019s Evan Koplan, Tanner Ferrandi and John Werstler represented GO Industrial in the sale while\u00a0Cushman & Wakefield\u2019s Jim Wilson, Brian Lee and Garrett Wilson facilitated the sale on behalf of Applied Materials.<\/p>\n

\u201cGO Industrial and PB Bell thoughtfully designed Arizona Ave Logistics to meet the evolving needs of modern industrial users,\u201d said Koplan, executive vice president at CBRE, in a statement. \u201cIts strategic location, fully air-conditioned warehouse space and high-end infrastructure attracted a wide range of users looking to maximize operational efficiency in one of Chandler\u2019s most supply-constrained submarkets.\u201d<\/p>\n

This story is posted in partnership with Phoenix Business Journal. Click to read the full story.<\/a>\u00a0<\/p>\n

We want to hear from you.<\/p>\n

Have a story idea or tip? Pass it along to the KTAR News team here<\/a>.<\/p>\n

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