By Mara Knaub | Yuma Sun
An industrial space developer plans to build an industrial park with more than a million square feet of space in Yuma.
Colliers International, an investment management company with operations in 63 countries, announced the partnership with industrial space developer Panattoni Development, which will develop the land at 36th Street and South Avenue 4E in Yuma.
The initial phase of Panattoni’s Yuma Industrial Park will include four buildings ranging from 234,000-279,000 square feet each. They will feature two grade level doors, 49 rear load dock high doors and 32-foot clear height ceilings.
Panattoni Development sees an opportunity for U.S. and international companies to use Yuma as a distribution point for both the U.S. and Mexico markets.
“As a result of pandemic supply chain issues, escalating shipping expenses and tensions with China, many companies are bringing manufacturing back to North America,” said Rob Martensen, senior executive vice president with Colliers in Arizona. “This project offers companies that manufacture in Mexicali and other areas south of the U.S. border to transport goods straight to Arizona for distribution throughout the United States. Yuma provides a convenient and cost-effective distribution point for goods coming from Mexico through nearby Calexico.”
Yuma, with its location along the borders of Arizona, California and Mexico, is 25 minutes from the San Luis Port of Entry to Mexico and a 3.5-hour drive to Tijuana involving travel limited to Arizona and Mexico roads.
