Regions Southwest
Amazon Leases 513,000-SF Warehouse Outside of Phoenix
Aug 22, 2008

In an effort to accommodate increasing demand, Amazon.com recently leased a 513,000-square-foot warehouse in Goodyear, Ariz., from Duke Realty. Located at 16920 W. Commerce Dr. in the 250-acre Goodyear Crossing Industrial Park about 20 minutes west of Phoenix, the newly developed Goodyear Two building will serve as the online purveyor's fulfillment center--its second in the State of Arizona. Amazon opened the doors of its first such facility, a 600,000-square-foot warehouse in Phoenix, last year. The Goodyear center, which will create over 600 full-time jobs, is scheduled to be up and running later this quarter.

 
Recent Southwest Headlines
General Growth Wangles Extensions on $900M in Mortgages
General Growth Properties Inc. has reached an agreement with a six-lender consortium to extend the maturity date for $900 million in mortgage loans on the company’s Fashion Show and Palazzo malls on the Las Vegas strip.
Halvorson Joins Hanley Investment as SVP, Arizona Retail
Hanley Investment Group Real Estate Advisors said today that industry veteran John Halvorson has joined the company as a senior vice president to focus on the Arizona retail market.
Commerce Center Intercontinental Acquires Tucson Industrial Portfolio
Intercontinental Real Estate Corp. has purchased a technology & industrial portfolio in Tucson, Ariz., the company announced. The acquisition was made on behalf of Intercontinental’s U.S. Real Estate Investment Fund L.L.C.
Opus Phoenix-Area Retail Center Moves Forward
Opus West Corp. has begun construction on, and nailed down leases for most of the space at, the 170,000-square-foot Mill Crossing retail center in Chandler, Ariz., in southeast metro Phoenix.
$700M Houston-Area Mixed-Use Project Expands
A huge mixed-use development in a Houston suburb has recently both broken ground and potentially added another major component. The 150-acre WaterLights project, being developed by Historic Real Estate Inc., is under way in the growing Houston suburb of Pearland.