An Indiana developer has scooped up roughly 130 acres off State Route 85 in Buckeye, putting a long-discussed industrial site back in play and breathing new life into plans for a multi-building business park. The land buy, at just over $32 million, is the latest big wager on the West Valley's logistics corridor as developers look beyond central Phoenix. With nearby mega-sites now being actively marketed, local brokers and Buckeye officials are expected to keep a close eye on what happens next with this tract.
Deal details
According to the Phoenix Business Journal, Indianapolis-based Scannell Properties paid more than $32 million for about 130 acres off SR 85 in Buckeye. The outlet reports that the sale revives a previously stalled industrial park plan on the site, returning a sizable block of industrial land to the active development pipeline.
Where it fits in Buckeye
City planning documents and local reports place the property in the I-10 and SR 85 corridor, an area where Buckeye leaders have been nudging warehouse and distribution projects through rezoning and entitlements. InBuckeye highlights a nearby rezone the Planning and Zoning Commission approved earlier this spring and shows preliminary concepts that call for multiple industrial buildings, roughly 66,000 to 284,000 square feet each, supported by truck circulation routes and trailer parking fields.
Scannell's local track record
Scannell is hardly a newcomer to Phoenix-area industrial real estate. Industry coverage identifies the firm as an established Indianapolis-based developer with an active footprint in the region. ConnectCRE reports on the company's work in Buckeye, while ARCO National Construction documents a roughly 858,000-square-foot Five Below distribution center Scannell developed in the city, a project that underscores the firm's capacity to deliver large-scale logistics facilities.
Next steps and hurdles
Before any new warehouse walls go up, the fresh landowner will have to guide the site through final entitlements, secure utility service and satisfy water and wastewater requirements, all standard gatekeeping items for large West Valley industrial projects. Early city planning materials already show private internal streets and access from 266th Avenue, but the exact site plan, phasing strategy and infrastructure schedule will be hammered out through Buckeye's entitlement and permitting process described in InBuckeye.
Why Buckeye still matters
Buckeye continues to draw large industrial land plays as brokers and analysts point to its big, contiguous sites, rail connections and lower land costs compared with older, closer-in industrial hubs. Axios recently spotlighted a 2,500-acre "Grand View Arizona" mega-site being marketed for advanced manufacturing and logistics, while market briefs from firms such as Colliers point to an active industrial pipeline across the broader West Valley.
Scannell's move puts a key Buckeye parcel back on developers' active lists, but there is still no public construction timeline. The site must first work through the city's entitlement and infrastructure review, according to the Phoenix Business Journal. For now, the deal stands as another sign that industrial developers are not done betting on West Valley land.
