An industrial company based in Buffalo, New York, made a deal to occupy an entire distribution facility in the Phoenix area to produce battery casings, joining a list of other companies adding clean-energy jobs in the region.
GTI Fabrication's deal has been selected by a panel of local industry professionals as the winner of a 2025 CoStar Impact Award for lease of the year in Phoenix.
GTI Fabrication signed a lease in the fall of 2024 to be the sole tenant in Building 1B, a new distribution facility in Goodyear, Arizona. It's considered one of the so-called "big-bomber" industrial building-type that spans just over 500,000 square feet.
About the project: Built in 2024, The 530,307-square-foot, five-star distribution buildings owned by Walton Street Capital and Clarius Partners, both based in Chicago.
GTI entered the Phoenix market in 2023 when it set up shop in an 80,000-square-foot facility for its battery energy storage division, GTI Energy. The company decided to expand its operations as demand for clean-energy product manufacturing grew in Phoenix. GTI is using the new facility to manufacture and assemble battery casings, at a time when energy storage plays a more important role in the transition to renewable energy.
GTI joins other companies investing in clean-energy manufacturing in the Phoenix area, such as LG Energy Solution, which is in the process of constructing a $5.5 billion battery plant.
They made it happen: Executive Vice Chair Andy Markham SIOR, Executive Vice Chair Michael C. Haenel and Vice Chair Phil Haenel, all with Cushman & Wakefield, arranged the GTI lease.