Sub-Zero Wolf to Invest $65M in Manufacturing Facility

Sub-Zero Wolf LLC will invest $65 million to relocate and expand its Valley manufacturing operations. The Madison, WI-based company, which produces high-end kitchen appliances, bought a 440,168-square-foot vacant warehouse/distribution building for $12.5 million. It will spend another $52 million to build out and equip the building, which is meant to handle production of a new line of refrigeration the company intends to introduce. Sub-Zero Wolf plans to add as many as 100 new jobs with the move. Experts have estimated the company’s move to Goodyear could result in an economic impact for the city of $214 million over a seven-year period. Located at 4295 N. Cotton Lane, the building is part of Palm Valley 303, a 1,600-acre master planned business park situated north of the I-10 and Loop 303 interchange. Sunbelt Holdings purchased the completed building in July 2010 as part of its acquisition of SunCor Development Co.’s real estate assets. The Phoenix-based company had planned to sell the industrial building to an owner-user.

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