Recently Amazon announced their 800,000 SF + distribution project at the Port of Tucson, . https://realestatedaily-news.com/that-massive-project-at-port-of-tucson-yeah-its-amazon/
Consumer purchasing is shifting quickly and instead of storing product at a retail store like Target, Ecommerce companies can ship directly from the warehouse. Now, for a lot of businesses there’s no need for retail exposure anymore because the consumer identifies the company/product on Amazon, Google, Yelp, etc as opposed to driving down the street.
A perfect example is gyms in industrial business parks. Gyms in industrial business parks are very common now because the rent is cheap and the consumer finds the gym on google, yelp etc, not driving down the street. Lower rent means cheaper prices which will create competition for retailers, effectively disrupting their business and bankrupting them (Sports Authority)……..is LA Fitness next? Barnes & Noble?
This effectively creates more demand for industrial property/warehouses which means rates rise and development will follow.
Recently Max Fisher, Rob Glaser, and Steve Cohen filled the last vacancy in the EastGroup Distribution Center on South Country Club. Custom Back Office Solution, an Ecommerce Distribution Company leased 34,000 SF. Amazon and Custom Back Office Solutions are proving how active the Ecommerce market is and how much demand there is for distribution space.
Rob Glaser and Max Fisher listed 12 acres of industrial property to the Northwest of the EastrGroup Distribution Center on South Country Club.
-12 Acres (Divisible)
-I-1 Zoning, (Light Industrial)
-Utilities at lot line
-Neighboring distribution project is 100% occupied
Contact Max Fisher or Rob Glaser 520-465-9989 for more information about his development opportunity
Potential Development Plans
Max Fisher, Steve Cohen, & Rob Glaser Complete 34,000 SF Lease Between Custom Back Office Solutions & EastGroup
Custom Back Office Solutions https://cbosolutions.com/, a local third party distribution firm specializing in Ecommerce Distribution leased 34,000 SF from EastGroup Properties. Max Fisher and Steve Cohen represented the tenant and Rob Glaser represented the landlord. This lease has brought the Tucson EastGroup Distribution Center to 100% occupancy.
Following this lease and Rob Glaser and Max Fisher listed the neighboring parcel of land for $1,830,000 (12 Acres). This new development opportunity is poised for a perfect distribution development in an area where the neighboring project is 100% occupied. See photos and details below,
Proposed Development Plans
For more details about this development opportunity contact Max Fisher
Max Fisher specializes in the leasing and sale of industrial and business park properties, including flex/research and development, warehouse and distribution, and manufacturing space. As a native Tucsonan, Max inherently understands what makes the community thrive. He has been active in the Tucson real estate market since 2012, and his strong community ties and industrial focus make him a standout in the commercial/industrial arena.
Partial Client List
Harsch Investment Properties
Rich Rodgers Investment Inc
Foothills Business Ventures
Max Fisher, Industrial Properties Broker