Article Originally Posted By PhoenixBusinessJournal On December 6, 2021
San Francisco-based Williams-Sonoma Inc. (NYSE: WSM), a global retail company known for its kitchenware and home furnishings, recently leased about 1.2 million square feet of industrial space in The Cubes at Glendale, according to multiple sources.
The premier specialty retailer is the parent company of popular brands such as Pottery Barn, Pottery Barn Kids, Pottery Barn Teen, West Elm, Rejuvenation and Mark and Graham that sells high-quality home products.
Sources with knowledge of the deal said Williams-Sonoma signed a full lease in November for the first building at The Cubes at Glendale, a planned industrial park that at full buildout will include 5.5 million square feet of space developed on about 335 acres. The Cubes is located at 7723 N. Reems Road next to Luke Air Force Base just east of Loop 303.
The company could use the single building as a distribution warehouse, but documents obtained by the Phoenix Business Journal through a public records request show that Williams-Sonoma could have bigger plans.
Williams-Sonoma did not immediately respond to a request for comment about the lease.
In February, a company using the code name “Project Jaguar” was seeking 200 to 250 acres for 3 million square feet of light manufacturing and distribution space to be developed in three phases through August 2026, according to documents obtained from the city of Buckeye.
The company was described as a Fortune 500 consumer goods retailer with a “very recognizable name” and global brand that manufactures furniture, home goods and wares and is “very prominent” in the home goods space.
Public records did not identify Project Jaguar, but sources familiar with the project identified the company as Williams-Sonoma. While the company didn't end up locating in Buckeye, multiple sources confirmed the company decided to locate in Glendale instead.
The city of Glendale denied a public records request submitted by the Business Journal regarding Project Jaguar and said the Arizona Commerce Authority determined the disclosure of any documents will "harm the state's competitive position for a potential economic development project."
The project would eventually employ 2,800 to 3,000 full-time workers with a $45,000-average salary and an additional 1,000 seasonal workers. The development, a $300 million investment, could use 1 megawatt of power and about 100,000 gallons of water per day at full buildout, records said.
The company was looking to relocate manufacturing processes from Southern California and Tennessee to “whichever West Coast market they choose” on rail-served land close to a highway, according to public documents.
Williams-Sonoma has manufacturing and distribution facilities in 12 states, including California, Tennessee, Colorado, Texas and more, its most recent annual report said in March. They’re occupying the most space in Mississippi, New Jersey and California with more than 2 million square feet in each state. They also occupy about 603,000 square feet of space in Tennessee.
The company would use the manufacturing facility to do “a lot of” customization work including vinyl printing, embroidery, deboss, engraving and other customizations to products, records said. While sources say Williams-Sonoma signed a lease for a project, it's unclear whether they plan to buy the property at this time.