PHX Industrial Market Surges During Pandemic
Source: Colliers International The Greater Phoenix industrial market has surged during the COVID-19 pandemic, driven largely by the country’s increased use of e-commerce and elevated grocery shopping while restaurants were closed. Completion of new industrial projects in 2020 has been the strongest year in more than a decade. Arizona’s business-minded approach led to more companies remaining open during the pandemic. The Trade, […]
Amazon Discussing Retail-to-Distribution Conversions
By Joe Dyton for The Broker List Mall owner Simon Property Group and Amazon are in talks to turn J.C. Penney and Sears stores into distribution centers, according to The Wall Street Journal. Both department store chains filed for Chapter 11 bankruptcy and closed stores across the country. Simon malls have 63 J.C. Penney stores and 11 Sears, according to the company’s May public filing. The number of stores Amazon […]
CapRock Has Major Phoenix Plans
By Kelsi Maree Borland for GlobeSt.com The pandemic isn’t deterring investment in Phoenix, at least not for CapRock Partners. CapRock has pinpointed Phoenix as a target market for industrial investment and development, and it expects the market to continue to benefit from longstanding population and job growth trends, despite the pandemic. “The demand drivers of Phoenix are very attractive […]
Warehouse Buildings Proposed Near PMGA
By Tasha Anderson for AZBEX BCMA Architecture, on behalf of owner, Abington Emerson Investments, has recently submitted plans to the City of Mesa for a new industrial development to be built north of east Ray Road and east of Power Road, near the Phoenix-Mesa Gateway Airport. The project, known as AEI Mesa Gateway, will consist […]
SkyBridge Creates Opportunity to Grow Other Sectors
By Erin Thorburn for AZ Big Media Erik Lee, executive director for North American Research Partnership, summarizes the impact very succinctly. “SkyBridge is the most consequential Mexico-Arizona business project in this part of Arizona,” Lee states emphatically. SkyBridge marks the nation’s first inland air cargo hub to house a joint United States-Mexico customs facility. The recent groundbreaking […]
Dot Foods Expanding Operations in Mohave County
Source: Arizona Commerce Authority Dot Foods, the largest foodservice redistribution company in North America, has announced it’s expanding its footprint in Arizona. The company plans to add nearly 70KSF to its current operation in Bullhead City and hire 70 additional warehouse employees and regional delivery drivers over the next three years to staff the growing […]
Ferguson Plans New Warehouse in Chandler
By Tasha Anderson for AZBEX Ferguson Enterprises, a national plumbing, HVAC and building supplier, is planning a new warehouse and storage facility on 48.3 acres west of the SWC of Queen Creek and McQueen Roads in Chandler. The City of Chandler approved a request to rezone the undeveloped site from Agricultural (AG-1) District to Planned […]
Metal Manufacturing Whse for Mesa Business Park
By Adrienne St. Clair for Arizona Builder’s Exchange Blue Water Group, LLC has submitted a project proposal to the City of Mesa to build a single-story manufacturing building on the SEC of Jasmine and 48th Streets. The project, called Project Jasmine, will be built on an 8.5-acre property located south of both McKellips Road and […]
New Whse/Industrial Coming to Scottsdale
By Adrienne St. Clair and Roland Murphy for Arizona Builder’s Exchange Capital Industrial Holdings, LLC has submitted a proposal to the City of Scottsdale to build a new industrial project on the SEC of 91st Street and Palo Brea Bend. The development, which will be called Overlook 99, will be made up of four buildings, […]
New Spec Industrial Bldg. Planned in Mesa
By Roland Murphy for Arizona Builder’s Exchange A new, 85KSF speculative industrial building will be going up at Falcon Field in Mesa. According to developer Majestic Realty Co.’s proposal narrative, “The project will be a state of the art, +/-85KSF industrial building located at the NWC of Higley and Ingram. The building will be multi-tenant […]