Monday, August 14, 2006

Developers Snap Up Land Along 101

Since late 2004, developers have snapped up nearly 900 acres along the Auga Fria Loop 101 freeway, a sure sign that the transportation corridor is poised to become a major employment hub for the West Valley.

"For commercial development, the most successful properties are along the freeway or high-traffic corridors," said Justin Miller, a senior associate with Grubb & Ellis/BRE Commercial.

"You will start to see major employment campuses emerging." James Mason, economic development specialist for Peoria, said it's not only the growing number of residents in the West Valley that is driving demand for office space. Company executives are moving to upscale communities, such as Verrado in Buckeye and Vistancia in Peoria, and are looking for offices closer to home. More...

Look for this trend to continue in the West Valley.

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