Home Depot U.S.A., Inc. Signs a Full Building Lease at Elwood Logistics Center in Goodyear, Arizona
For Immediate Release
Home Depot U.S.A., Inc. Signs a Full Building Lease at
Elwood Logistics Center
Goodyear, AZ – December 20, 2021 – Elwood Logistics Center QOZB, LLC an affiliate of Tratt Properties, LLC, Jonathan Tratt Principal, just signed a long-term full building lease with Home Depot U.S.A., Inc.
Completed in 2021, Elwood Logistics Center is located on 83 acres at the Southeast corner of Sarival Avenue and Elwood Street just south of Interstate 10 and the Loop 303. It is the largest speculative state-of-the-art speculative building in the Valley. The project sits within a pending Foreign Trade Zone that provides duty free advantages and is also within an Opportunity Zone offering tax advantages. The 1.3 million square foot cross-dock building has 40’ clear height with 190’ gated and secured concrete truck courts. Additionally, the building contains 235 dock high loading positions along with parking for 200 cars and 327 trailers. The area is being improved to provide for 400 more trailer parking positions. The project has street frontage on 3 streets for ease of ingress/egress.
Tratt Properties previously leased another speculative building to The Home Depot back in 2006, “It is a pleasure to welcome The Home Depot back to our portfolio after close to 10 years,” commented Jonathan Tratt.
Home Depot is the largest home improvement retailer in the world with 2,303 stores across the U.S., Canada, and Mexico. Home Depot supplies tools, construction products, and services with more than 35,000 products in store and 1 million products online.
Home Depot plans to use the facility for warehouse and storage purposes.
About Tratt Properties, LLC
Tratt Properties, LLC, headquartered in Phoenix, Arizona is a dedicated and experienced real estate and financial team engaged in the acquisition and development of institutional grade logistics and E-commerce properties in key markets throughout the United States. We are focused on delivering flexible and scalable supply chain real estate solutions that are at the forefront of best practices in global logistics design and development. We seek to develop and acquire state-of-the art assets through speculative developments and acquisitions. For more visit www.trattproperties.com.
O. (602) 468-3100