AZ: IRIS USA Inks Deal of 10s of Millions Dollars and 150 Jobs in Surprise
3 Aug, 2015
Newmark Grubb Knight Frank announces the closing by IRIS USA, Inc., a subsidiary of IRIS Ohyama Inc., on the purchase of a 59-acre site at Skyway Business Park. The consumer products manufacturer, based in Sendai, Japan, is developing a 420,000-square-foot office, manufacturing, and distribution facility near the southwest corner of Dysart and Cactus roads. The site was purchased from SKD Holdings, LLC. IRIS USA will use the facility to manufacture and distribute its consumer plastics storage products and conduct research and development. NGKF's Rob Stephens, Sheila Bale and Ryan O'Connor of Arizona, with the cooperation of David Scherer of Las Vegas represented SKD Holdings, LLC in the transaction.
"IRIS USA selected Surprise for its western regional headquarters due to the site's excellent location and infrastructure, as well as the myriad of community amenities our city offers," said Surprise Mayor Sharon Wolcott. "IRIS will be investing tens of millions of dollars and creating approximately 150 jobs in our city that will significantly add to our overall economic base. Our community is thrilled to welcome the IRIS family to Surprise, Arizona."
"The rail-served project, which is in a designated Foreign Trade Zone, is of significant value to IRIS USA," noted Stephens. "These special benefits, paired with the premium accessibility and location, helped to cement IRIS' decision to plant a company flag in Surprise." This project will be centered between Loop 303, the new Northern Parkway, Loop 101 and State Highway 60, along the BNSF Railroad in Surprise.
The new facility, scheduled to open later this year, is being designed by Ware Malcomb. The area, known for its pro-business advantages and established manufacturing and distribution infrastructure, is also home to Crescent Crown Distributing, Rioglass Solar, Gestamp Solar and Southwest Products.
About IRIS USA
IRIS USA is a consumer products company that sells to retailers throughout North America. It currently has office, manufacturing and distribution facilities in Pleasant Prairie, WI, its corporate headquarters, and Mesquite, TX.
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank is one of the world's leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NGKF's 12,800 professionals operate from more than 370 offices in established and emerging property markets on six continents.
With roots dating back to 1929, NGKF's strong foundation makes it one of the most trusted names in commercial real estate. NGKF's full-service platform comprises BGC's real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.
NGKF is a part of BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets. BGC's common stock trades on the NASDAQ Global Select Market under the ticker symbol BGCP, +1.12% BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol BGCA, +0.19% BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit http://www.bgcpartners.com/.