Upscale discount retailer Tuesday Morning is opening a distribution center in southwest Phoenix that is expected to create 300 new jobs. I love new jobs in the Phoenix area. Every additional job adds to the upward spiral.
In one of the biggest Valley lease deals since 2011, the Dallas-based company is renting 593,600 square feet of space near 67th Avenue and Buckeye Road from Liberty Property Trust.
“Our new Phoenix facility will serve our stores in the western United States,” Douglas Sullivan, senior vice president of real estate for Tuesday Morning, said in a statement about the deal. “This is an important step in the building of our overall supply chain strategy.”
Greater Phoenix Economic Council CEO Chris Camacho said Tuesday Morning looked at several areas across the western United States before picking metro Phoenix for its “vast workforce and strong talent base.”
Tuesday Morning has 10 stores in Arizona and almost 800 U.S. locations. Tuesday Morning signed a lease for ten years with Liberty Property Trust for the space.
“The Southwest Phoenix Industrial submarket has been poised for rapid growth,” said John DiVall, senior vice president Liberty Property. In 2013, the real estate investment group bought the vacant building that Tuesday Morning is leasing.
Don MacWilliam, Payson MacWilliam and Tom Woods of Colliers International worked with Tuesday Morning on the Phoenix deal. Marc Hertzberg and Tony Lydon of JLL represented Liberty in the transaction.
“After evaluating numerous markets in the Western U.S., Tuesday Morning selected Greater Phoenix to operate a nearly 600,000 square foot logistics center,” said Chris Camacho, president and CEO of the Greater Phoenix Economic Council. “I want to thank Mayor Greg Stanton, Councilmembers and City staff for cultivating a great corporate environment centered around growing jobs and promoting economic diversity in the Greater Phoenix region.”
Liberty now owns more than 750 properties with 105 million square feet of space across the United States.
All that said….do you shop at Tuesday Morning? Check it out. TUESDAY MORNING