Phoenix has landed two new warehouses totaling nearly 2 million-square-feet.
The Arizona Republic reports that Fortune 500 retailer Marshalls is building a 1.2 million-square-foot distribution warehouse on 100 acres in southwest Phoenix. The discount retailer plans to hire 300 people for its new Phoenix facility.
In addition, San Francisco-based developer Prologis Inc. is building a nearly 500,000-square-foot warehouse in the same area.
Prologis is applying to receive foreign-trade-zone designation for the business park and has a development agreement for the status with the city of Phoenix.
Companies qualifying for the designation receive benefits including reduced customs-reporting requirements and a 75 percent reduction on property taxes.
