Article Originally Posted By PhoenixBusinessJournal On March 23, 2022
The city of Glendale unveiled new details for a proposed manufacturing and distribution center that has been proposed for a fast-growing industrial area of the Valley.
The Phoenix Business Journal first reported in December that San Francisco-based Williams-Sonoma Inc. (NYSE: WSM) signed a lease for 1.2 million square feet 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 city said on Wednesday that the company plans to use the facility as a fulfillment and distribution center for all of Williams-Sonoma's brands, including Pottery Barn, Pottery Barn Kids, Pottery Barn Teen and West Elm.
The $236 million facility is expected to be operational by fall of 2022 and will lead the creation of 2,465 jobs by 2027 with an average wage of $46,000, according to the city.
The Cubes is located at 7723 N. Reems Road next to Luke Air Force Base just east of Loop 303. This was one of the largest industrial leases signed in 2021 just behind Home Depot Inc.'s 1.3 million-square-foot lease signed in Goodyear.
Like Nestlé USA in Glendale, Williams-Sonoma is also seeking Foreign Trade Zone status for its facility on about 74 acres, which would allow for a significant reduction in property taxes if approved by the federal government. Glendale City Council unanimously approved to support the tax incentive status for the company during Tuesday's Council meeting without discussion.
"This has been a project that our staff has worked on for some time. On behalf of the city and our team we want to reach out and congratulate Williams-Sonoma, they're going to be a great partner for our community," City Manager Kevin Phelps said after the vote. "This was a big deal. We've been working on it so long sometimes we forget how important it is."