Yuma Industrial Park web site. Picture courtesy of Colliers
Panattoni Improvement is planning a greater than 1 million-square-foot industrial undertaking in Yuma, Arizona. Colliers is answerable for the property’s leasing.
Yuma Industrial Park will likely be positioned at thirty sixth St. and South Ave. 4E., and can embody 4 Class A industrial buildings starting from 234,000 to 279,000 sq. ft. The constructions will function 32-foot clear peak ceilings, two grade-level doorways and 49 rear-load dock excessive doorways. Development is anticipated to be accomplished within the remaining quarter of 2024.
Because of pandemic provide chain points, escalating transport bills and tensions with China, many corporations are bringing manufacturing again to North America, stated Rob Martensen, senior govt vice chairman at Colliers, in ready remarks.
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Panattoni anticipates that the Yuma web site will likely be a distribution level for each U.S. and Mexican markets, given its location close to the U.S. border with Mexico in each Arizona and California and, extra particularly, its proximity to the San Luis Port of Entry.
Accessible by Interstate 8 and US-95, Yuma is positioned roughly 25 minutes from the border crossing, which hyperlinks San Luis, Ariz., with San Luis Río Colorado within the Mexican state of Sonora. Yuma can also be roughly three to 4 hours from Tijuana in Baja California, throughout the border from San Diego.
Yuma’s enchantment
Yuma’s low taxes, relative to different distribution cities, and its abundance of potential staff from each the U.S. and Mexico, are contributing components to the choice to find the undertaking there, in response to Colliers.
In keeping with Martensen, the undertaking provides corporations that manufacture in Mexicali and different areas south of the U.S. border the chance to move items straight to Arizona for distribution all through the U.S. He added that Yuma offers a handy and cost-effective distribution level for items coming from Mexico via close by Calexico.
