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Amazon Signs 10-Year Lease for 1.2M SF at The Cubes
Amazon is expected to occupy Building B at The Cubes, an acclaimed industrial project off the Loop 303 in Glendale. The 335-acre site is slated to have 5.5 million square feet under roof. The Phoenix Business Journal reports The Amazon deal is the largest known industrial lease deal in metro Phoenix since 2022.
Other tenants at the 335-acre industrial park include Williams Sonoma, US Merchants and Saddle Creek Logistics Services, which leased Building E, a 570,080-square-foot building in October. A JLL team led by Bill Honsaker heads a team that serves as the leasing brokers.
CRG and Phoenix-based Bird Dog Industrial broke ground on the master-planned industrial park in January 2021. It is being developed in phases over a five-year period with both speculative and build-to-suit assets.
CRG parent company Clayco received a nearly $111 million construction loan in September 2022 from Commerce Bank with a maturity date of September 2025, according to Commercial Edge.
- ◦Lease
