Arizona

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AZ: Harsch Breaks Ground in New Property at Distribution Center

4 Dec, 2018


Harsch Investment Properties hosted the groundbreaking event on a 157,500 square foot speculative building at the Tucson Airport Distribution Center Building B located at 6860 S Brosius Ave, Tucson, AZ 85706. Construction is expected to be completed by Nitti Builders by Q4 2019 and will be key in providing potential tenants in the distribution, fulfillment, and logistics industries with the ability to take advantage of proximity to I-10, I-19, and the Tucson International Airport.

Harsch Investment Properties now owns and operates 26 million square feet of office, multi-tenant industrial, multi-family and retail properties in six western states including The Grand Canyon State. Harsch has come a long way since 1961 when the company acquired its first property in Arizona. With the recent Medina Business Park acquisition which closed on November 9th and completing construction on this new building at the Tucson Airport Distribution Center, Harsch will own 657,233 square feet of property in Tucson, Arizona. Harsch recently completed the acquisition of 25 acres near the Tucson Airport for future expansion and is excited about its first new speculative project in the city.

"We're big believers in Tucson and Southern Arizona as a strategic location to continue to grow our business. Tucson has great success with attracting new businesses and this speculative building will continue to push the region forward as a leader in distribution and logistics operations," said Jordan Schnitzer, President of Harsch Investment Properties.

"Harsch's entry to the Tucson market is incredibly exciting. Pima County is committed to attracting and fostering high-wage employment, and major industrial real estate investment firms like Harsch are a vital, if not key component in that effort. As an example, Harsch is in discussions with Pima County to assist us in developing our Aerospace Research Campus south of Raytheon. I look forward to more announcements from Harsch and congratulate them on their expansion near TIA," said Pima County District 2 Supervisor Ramón Valadez.

"This new state-of-the-art building will be a great asset to the Tucson International Airport," said Lisa Lovallo, Chair of Tucson Airport Authority. "The entire airport area is poised to become a major logistics and distribution powerhouse."

"I'm thrilled to see the impact that this new spec building will have on the Airport Employment Zone," said Joe Snell, President & CEO, Sun Corridor Inc. "Being close to air and highway infrastructure is key to growing the transportation and logistics industry in Southern Arizona, and this is going to attract national attention."

"I'm looking forward to seeing this new distribution center go up. It's located in the right spot, in the heart of our logistics and manufacturing center, and the developer is very experienced in large industrial projects such as this one." said City of Tucson Mayor, Jonathan Rothschild. "More good news for Tucson!"

About Harsch Investment Properties: Harsch Investment Properties is a privately-owned real estate company that acquires, manages and develops properties for its own portfolio. The company owns and operates 26 million square feet of office, multi-tenant industrial, multi-family and retail properties in six western states. Headquartered in Portland, Oregon, Harsch has regional offices and 290 employees in Portland, Seattle, the San Francisco Bay Area, Sacramento, Las Vegas, and San Diego.

About Sun Corridor Inc.: Sun Corridor Inc.'s role is to coordinate all economic development activities and programs within the Southern Arizona mega region under one umbrella. The focus of the organization is to facilitate primary (non-retail) job and investment growth in the region. Our work also includes creating a competitive environment that allows primary employers to flourish and succeed.

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