Colliers International : Goettl purchases commercial land parcel in Scottsdale

Phoenix, January 31, 2020 - Goettl Air Conditioning & Plumbing, an 80-year-old Phoenix-based company, purchased approximately six acres of land at 8701 E. McDowell Road in Scottsdale, Arizona, for approximately $5 million. The company plans to build a new corporate facility on the site that will serve as its corporate headquarters and also house the firm's new Goettl University.

The property, which is situated at the southwest corner of McDowell Road and the 101 freeway, will be the site of an approximately 60,000-square-foot commercial building, which is scheduled for completion in late 2020. In addition to the Goettl headquarters, the company will operate its Goettl University in the new building. The new, high-tech trade school will be the first of its kind in their industry.

'This was a tremendous opportunity to purchase a very visible corporate location with sightlines from both McDowell and the 101 freeway,' says Greg Hopley, executive vice president with Colliers International in Arizona. 'This property is surrounded by outstanding demographics in terms of labor pool and access to company clientele.'

The city of Scottsdale is also excited to have this renowned company relocating to South Scottsdale. 'We are delighted to welcome Goettl Corporate Headquarters to Scottsdale,' said Mayor W.J. 'Jim' Lane. 'Eighty years of business success in the Valley is an amazing legacy to bring to Scottsdale. We look forward to their positive economic impact and new job opportunities in our McDowell Road Corridor.'

Goettl, known for its regional dominance in the air conditioning/plumbing industry, is looking forward to the transition. 'We are proud to build a headquarters of this magnitude in our home state of Arizona. This move will give us a firm anchor to continue to expand our legacy. The addition of Goettl University will expand our capacity to train technicians in the Goettl Way: to do things the right way, not the easy way and will facilitate our goal to Goettlize the Nation,' says Ken Goodrich, chief executive officer for Goettl.

Goettl purchased the property from Southwest Next Land Fund 1, LLC. Greg Hopley, executive vice president with Colliers International in Arizona, represented Goettl Air Conditioning in this purchase transaction. The seller was represented by Arizona Retail Services.

About Colliers International
Colliers International (NASDAQ, TSX: CIGI) is a leading global real estate services and investment management company. With operations in 68 countries, our 14,000 enterprising people work collaboratively to provide expert advice and services to maximize the value of property for real estate occupiers, owners and investors. For more than 20 years, our experienced leadership team, owning more than 40% of our equity, have delivered industry-leading investment returns for shareholders. In 2018, corporate revenues were $2.8 billion ($3.3 billion including affiliates), with more than $26 billion of assets under management.

Learn more about how we accelerate success at corporate.colliers.com, Twitter @Colliers and LinkedIn.

Colliers International in Arizona has served clients locally and globally for more than 35 years.

About Goettl Air Conditioning & Plumbing
Goettl Air Conditioning & Plumbing is a leading provider of modernization solutions and services that deliver comfort, indoor air & water quality, and intelligent efficiency for residential customers. The company creates value by acquiring established local brands, applying experienced management talent and implementing proven processes. Initially focused on companies in the Southwest, Goettl is expanding nationally. Current operations are located in Arizona, Nevada, California and Texas. Goettl is the winner of Inc. 5000 fastest growing companies in 2017 & 2018. www.goettl.com