Williams-Sonoma recently leased more than 1 million square feet of industrial space in The Cubes at Glendale in a deal that could bring as many as 3,000 jobs to the West Valley, reports indicate.
Williams-Sonoma is an American publicly traded consumer retail company that sells kitchen-wares and home furnishings. The company has 625 brick and mortar stores and distributes to more than 60 countries with brands including Pottery Barn, Pottery Barn Kids, PBteen, Williams Sonoma, Williams Sonoma Home, West Elm, Mark and Graham, and Rejuvenation. In 2019, Williams-Sonoma, Inc. was named as a Fortune 500 company for the first time in its history.
CRG, the real estate development and investment arm of Chicago-based Clayco, is developing The Cubes at Glendale, a 335-acre industrial park featuring 5.5 million square feet at the intersection of Reems Road and Northern Avenue in Glendale, Arizona. The project, which is a strategic joint-venture partnership with Phoenix-based Bird Dog Industrial, began construction of a 1.2 million-square-foot speculative warehouse on March 1.
Williams-Sonoma signed a lease in November for the first building at The Cubes at Glendale, reports say. It’s not the only recent blockbuster industrial deal for Glendale. Chinese mattress manufacturer MLILY recently signed a lease committing to 1.25 million square feet of space in Glendale’s G303.
“Despite already opening a factory in Phoenix in 2020, MLILY did not automatically commit to further expansion in the area’s market simply because they already had one factory there. Starting in December 2020, Colliers helped MLILY consider options for a new factory in Texas, South Carolina and California, as well as Arizona,” says Yang Chen, managing director for Colliers Asia Pacific. “After careful consideration, MLILY chose Phoenix once again as its best overall option and is proud to add an estimated 750 to 1,000 jobs to the Phoenix market.”
“We’ve watched Phoenix closely waiting for the right opportunity to expand our platform here,” said Shawn Clark, president of CRG. “This site gives us a unique competitive advantage in the market to offer next generation facilities at a quality and size that we expect will get the attention of several national users.”
CRG currently has an active pipeline of over 25 projects valued at more than $3 billion in high barrier to entry logistics markets throughout the country. This project, which went from contract to close in 88 days, is the first of many opportunities slated for the firm in the Southwest, Clark said.
“Phoenix’s West Valley is a dynamic industrial market,” said Mark Sonnenberg, founder and president of Bird Dog Industrial. “In addition to logistics and e-commerce fulfillment centers, the West Valley is home to large-scale manufacturers, food and beverage processors, pharmaceutical and medical supply distributors and data centers. The Cubes at Glendale was conceived with this user diversity in mind with multiple opportunities for speculative development, build-to-suits and shovel-ready lot sales.”