Panattoni To Build 1+ Million SF Industrial Park in Yuma
Developer Sees Demand for Distribution of Mexico-Produced Goods Through Arizona
Leading U.S. industrial space developer Panattoni Development has land at 36th Street and South Avenue 4E in Yuma, AZ for development of a 1+ million square foot industrial park. Panattoni sees an opportunity for US and international companies to utilize Yuma as a distribution point for both the US and Mexico markets.
“As a result of pandemic supply chain issues, escalating shipping expenses and tensions with China, many companies are bringing manufacturing back to North America,” says Rob Martensen, senior executive vice president with Colliers in Arizona. “This project offers companies that manufacture in Mexicali and other areas south of the U.S. border to transport goods straight to Arizona for distribution throughout the United States. Yuma provides a convenient and cost-effective distribution point for goods coming from Mexico through nearby Calexico.”
Yuma, located near the border of Arizona, California and Mexico, is just 25 minutes from the San Luis Port of Entry to Mexico. Yuma is a 3.5 hour drive to Tijuana, involving travel limited to Arizona and Mexico roads. Additionally, Yuma is located within a four-hour drive of the Inland Empire for businesses looking for the available rent relief and labor associated with southwest Arizona. The city of Yuma offers a unique market of abundant labor, including both Yuma and Mexico residents who live just over the border. Yuma also offers much lower taxes for companies, relative to other distribution cities.
The initial phase of Panattoni’s Yuma Industrial Park is slated to include four buildings ranging from 234,000-279,000 square feet each. They will feature two grade level doors, 49 rear load dock high doors and 32’ clear height ceilings.