Formation Interests and Crescent Real Estate Break Ground on Phase II Expansion of Formation Park 10 in Goodyear
Formation Interests, alongside an affiliate of Crescent Real Estate LLC, has begun construction on the second phase of Formation Park 10 in Goodyear, Arizona. This expansion adds a total of 261,168 square feet across three buildings to the industrial development, bringing its overall size to nearly 689,000 square feet spread over five buildings and 44 acres. Phase II is designed specifically for businesses requiring large single-tenant spaces or flexible options ranging from 15,000 to 25,000 square feet. The project's location at the intersection of Bullard Avenue and Celebrate Life Way provides direct access to Interstate 10, enhancing its appeal in a growing industrial corridor. The development is part of Formation Interests' broader strategy to expand high-quality business park environments across the Southwest. Construction on Phase II is expected to be completed by Spring 2027.