Goodyear’s Industrial Boom: New $100M Business Park Breaks Ground Near Future Buc-ee’s
The West Valley’s industrial expansion continues to heat up as Formation Interests, a Dallas-based developer, has officially broken ground on Formation Park 10, a $100 million, 688,000-square-foot business park in Goodyear, Arizona. Situated next to the highly anticipated Buc-ee’s travel center, this massive development is expected to draw significant commercial activity, further cementing Goodyear as a key logistics and business hub in metro Phoenix.
What is Formation Park 10?
Formation Park 10 is being developed across 44 acres at Bullard Avenue and Celebrate Life Way, strategically positioned near Interstate 10 and Goodyear Airport. The park will be built in two phases, bringing in a mix of industrial, office, and commercial space to support the growing demand for logistics and technology businesses.
- Phase One: Two buildings totaling 430,000 square feet, slated for completion by June 2025.
- Phase Two: Three additional buildings spanning 230,000 square feet, breaking ground in 2026.
Designed by Deutsch Architecture Group and built by Willmeng Construction, this state-of-the-art industrial park is expected to attract businesses in advanced manufacturing and technology, looking for flexible spaces between 25,000 and 200,000 square feet.
Why This Location?
The West Valley has been one of the fastest-growing industrial submarkets in the country. A recent CommercialEdge report found that metro Phoenix leads the nation in industrial development, with nearly 8 million square feet of space under construction in the region. The area around Goodyear Airport has already become a hotspot for data centers and major logistics operations, making it an ideal location for new industrial projects.
One of the biggest draws? The upcoming Buc-ee’s, the first Arizona location of the famed Texas-based mega convenience store. Known for its massive footprint, endless gas pumps, and cult-like following, Buc-ee’s is expected to bring a huge influx of visitors and workers to the area, further boosting demand for commercial space.
Additionally, within a two-mile radius of Formation Park 10, there are nearly 50 amenities, including restaurants, retail, and essential services, making it attractive for businesses seeking a well-connected and worker-friendly environment.
Amenities to Attract Talent
Industrial developments are no longer just about warehousing and distribution—employee experience matters. Formation Park 10 is incorporating a five-acre green space featuring ramadas, seating areas, and yard games, creating a campus-style atmosphere that appeals to today’s workforce.
“There’s a real flight-to-quality in the industrial space,” said Adam Herrin, CEO of Formation Interests. By prioritizing modern design and worker-friendly amenities, the developers are positioning this park as a top-tier industrial destination.
What This Means for Investors
For real estate investors, the implications are clear: Where businesses go, employees follow. The continued expansion of industrial, tech, and logistics operations in Goodyear is a strong indicator of future housing demand in the area.
With Goodyear’s population and job growth surging, investing in single-family rentals near this development could be a smart move before prices rise. The West Valley is poised for continued appreciation, and savvy investors should be keeping a close eye on this rapidly growing submarket.
Final Thoughts
The construction of Formation Park 10 is another major milestone in Goodyear’s transformation into a premier industrial and commercial hub. With Buc-ee’s set to attract thousands of visitors daily, and the Phoenix region’s logistics sector booming, this business park will play a key role in the city’s economic future.