Amazon Leases 1 MSF in Suburban Phoenix
Amazon has signed a 1 million-square-foot, full-building lease in metro Phoenix, according to the Phoenix Business Journal. The company closed the 10-year deal at the Paloma Vista Logistics Center in Buckeye, Ariz.
Situated at 18900 W. McDowell Road, the Class A logistics property includes Building 1, leased by Amazon, and Building 2, a speculative 423,345-square-foot project. The owner of the facility, US Capital Development, completed the first building this year.
The Paloma Vista Logistics Center is a cross-dock facility designed by Ware Malcomb and built by Willmeng Construction. It features 40-foot clear heights, loading doors and 552 parking spaces, CommercialEdge data shows.
Located along North Perryville Road, the building is nearby Interstate 10 and I-17, with distribution access to Greater Phoenix and other Western metros. Downtown Phoenix is approximately 24 miles east of the facility. The Phoenix Sky Harbor International Airport is 29 miles away.
According to public permit records, tenant improvement plans have been submitted and include architectural, electrical, mechanical and plumbing changes.
Cushman & Wakefield’s Andy Markham, Mike Haenel and Phil Haenel are heading up leasing for the property.
Amazon in Arizona
The Palomo Vista Logistics Center marks the tech giant’s first location in Buckeye and its second leasing deal in suburban Phoenix this year. The transactions also mark the largest industrial leases in the metro so far in 2024.
Amazon has recently signed a 1.2 million-square-foot lease at The Cubes at Glendale industrial park. The company will occupy Building B, a recently completed property featuring 40-foot clear heights, 213 dock-high doors and four grade level doors, as well as ESFR sprinklers and high-efficiency LED lighting.
The Cubes at Glendale is 6.5 miles from Interstate 10 and 15 miles from the Paloma Vista Logistics Center.
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