YUMA, AZ – The economic development organization Greater Yuma announced that Panattoni Development plans to build an industrial park of more than one million square feet in Yuma, Arizona.
The park would be located at 36th Street and South Avenue 4E in Yuma, where Panattoni has seen an opportunity for U.S. and international companies to use this region as a distribution point for both the U.S. and Mexican markets.
“As a result of the pandemic, supply chain, escalating shipping costs and tensions with China, many companies are bringing manufacturing back to North America,” said Rob Martensen, vice president of Colliers in Arizona.
“This project offers companies that manufacture in Mexicali and other areas south of the U.S. border to transport goods directly 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,” he added.
Both Rob Martensen and Jerry LoCoco, vice president of Colliers in Arizona, represent the owner of Panattoni Development, according to the company’s diversified professional services and investment management website.
Yuma, located near the border of Arizona, California and Mexico, is just 25 minutes from the San Luis Port of Entry. In addition, it is a 3.5-hour drive to Tijuana, with limited travel on Arizona and Mexico highways.
Greater Yuma noted that the city is a four-hour drive from the Inland Empire for companies seeking the available rental relief and labor associated with southwestern Arizona.
The initial phase of the Panattoni Industrial Park in Yuma will include four buildings ranging from 234,000 to 279,000 square feet each. They will feature two ground level doors, 49 high rear loading dock doors and 32-foot clear height ceilings.
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