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Timken Is The Latest Addition To Dover Industrial Park
MESA, Ariz. (July 28, 2006) - The Timken Company (NYSE: TKR) has become the most recent addition to the growing number of companies locating and expanding at North Mesa's Dover Industrial Park. The firm will soon take occupancy of an industrial facility at 3110 North Oakland.
According to the company's website, Ohio-based Timken is one of the country's leading producers of engineered bearings, alloy steels and other related products. The firm, which operates in 27 countries, produced revenues of $5.2 billion in 2005.
Timken leased an industrial building recently developed by Phoenix-based Hewson Company which contains approximately 85,221 square feet of space.
"Timken joins other leading companies that have chosen Dover Industrial Park," said Bob McNichols with Daedalus Real Estate Advisors, developer of Dover Industrial Park. Dover Industrial Park is a 65-acre development located at the northwest corner of Greenfield and McDowell roads. "Land at the park is nearly sold out and the project now contains more than 270,000 square feet of industrial and light office commercial space. Ten buildings, totaling approximately 285,000 square feet, are currently under construction at Dover Industrial Park and we anticipate another 150,000 square feet will be included in the completed park."
Dover Industrial Park currently is home to a variety of leading companies in addition to Timken. Kennedy Design Build is headquartered at Dover Industrial Park. The commercial construction company specializes in turn-key construction and tenant improvement projects in the office and industrial fields. Alliant Techsystems (NYSE: ATK) produces medium-caliber gun systems for ground, sea and air platforms. Dover-based Hunter's provides high-end collision repair service for fine automobiles and SUVs. Its state-of-the-art paint systems are unparalleled in the Mesa market. Standard Bolt/Chrome Hardware Supply supplies such customers as Boeing, Motorola and Intel. In addition, its Chrome Hardware Supply division provides high quality chrome fasteners to the best-known motorcycle manufacturers in the nation. Customers include Orange County Choppers, Arlen Ness, Big Dog, Bourgets, Hot Match, Titan, Swift and American Ironhorse. Trans-Matic Manufacturing Company also has its regional production facility in Dover Industrial Park. The firm specializes in deep drawn metal stampings, progressive die stampings and value-added assembly solutions. The firm works with the automotive industry, as well as lock hardware, compressor, appliance, fire prevention, pharmaceutical, HVAC and plumbing markets. In addition, Mesa-based homebuilder, Cornerstone Homes will soon be headquartered at the park. Dover Associates, LLC purchased the park in 1999 from The Boeing Company.
Improved lots and opportunities for build-to-suit leasing are currently available. Contact Joe Isbell at Daedalus for more information (602) 889-2300.
About Daedalus Real Estate Advisors, LLC
Daedalus Real Estate Advisors, LLC, is a Phoenix based commercial real estate services company that provides investment, development and communications consulting to corporate real estate clients. Consistently recognized as one of the state's most influential developers by Arizona Business Magazine, Daedalus Real Estate Advisors, LLC creates exclusive lifestyle experiences through office, industrial, retail, golf and residential development. For more information visit www.daedalusllc.com.
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