Liberty Property Trust today announced that Tuesday Morning Corporation has signed a ten year lease for 593,600 square feet at Liberty Logistics Center I in Phoenix.
The national retail chain will occupy the entire facility, located at 563 S. 63rd Avenue, in September.
Liberty acquired the building in 2013 and marketed the facility to potential distribution center users looking to expand in or relocate to Phoenix.
“The Southwest Phoenix Industrial submarket has been poised for rapid growth and we are delighted that Tuesday Moring has chosen Phoenix, and its quality of life amenities, over other cities that were in play for the company’s new West Coast distribution center,” said John DiVall, senior vice president at Liberty Property Trust. “Liberty Logistics Center I exceeds the logistics industry’s demands for today’s multi-channel fulfillment needs. It is a one-of-a kind facility.”
Liberty Logistics Center I is a state of the art LEED® facility that features cross-dock loading, 32’ clear heights, a fully gated concrete truck court, seven points of ingress and egress, R-19 insulation and skylights on 2-percent of the roof.
“We are excited to be opening our new Phoenix facility which will serve our stores in the Western United States. This is an important step in the building of our overall supply chain strategy which will ultimately involve a new facility serving the East Coast and a replacement of our current Dallas distribution center with a new state of the art center,” said Douglas B. Sullivan, senior vice president of real estate for Tuesday Morning Corporation.
With its efficient highway system, ample labor pool and proximity to California, demand for industrial space in Greater Phoenix continues to exceed available product on the market.
“After exploring numerous markets in the Western U.S., Tuesday Morning ultimately selected Phoenix as a result of a vast workforce and strong talent base in Greater Phoenix,” said Chris Camacho, president and CEO of the Greater Phoenix Economic Council. “The new logistics center in Phoenix will provide hundreds of new jobs for the region and added connectivity to a large customer base. We’re excited to welcome them to Greater Phoenix.”
Don MacWilliam, Payson MacWilliam and Tom Woods of Colliers International represented Tuesday Morning and Marc Hertzberg and Tony Lydon of JLL represented Liberty in the transaction. Megan Creecy-Herman managed the transaction for Liberty.