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GTIS Partners Announces Joint Venture to Develop 490k Square Foot Logistics Center in Goodyear, Arizona
GTIS Partners Forms JV with Baker Development and Foundation Capital Partners to Create Industrial/Logistics Facility
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NEW YORK, May 18, 2021 /PRNewswire/ GTIS Partners LP ( GTIS ), a real estate private equity firm headquartered in New York City, with offices in São Paulo, Los Angeles, San Francisco, Atlanta, Paris and Munich, today announced a joint venture with Baker Development Corporation, a privately owned real estate development company based in Chicago, and Foundation Capital Partners, a real estate investment management firm with offices in New York and Miami, to develop Yuma|143, a logistics center in Goodyear, Arizona with an estimated cost of $45 million. The project is located within a Phoenix Qualified Opportunity Zone ( QOZ ).