Amazon Leases 1 MSF in Suburban Phoenix

US Capital Development owns the industrial facility.

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.

Amazon has leased Building B at The Cubes at Glendale in Phoenix’ West Valley
Amazon has also leased another building in the metro so far this year: Building B at The Cubes at Glendale in Phoenix’ West Valley. Image courtesy of Cushman & Wakefield

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 interstates 10 and 17, with distribution access to Greater Phoenix and other western metros. Downtown Phoenix is approximately 24 miles east of the facility. 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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