WCC Properties of San Diego has 64 acres up for grabs in the commerce center at the junction of Giss Road and Interstate 8. In addition to the hotel developer, there is a retail developer from Tucson sizing up land for a project too, Christopher Ackel, senior associate for CB Richard Ellis in Phoenix, tells GlobeSt.com.
Rio Vista Commerce Center is situated in a city once considered the half-way stopping point between Phoenix and San Diego. But, Ackel says some developers are starting to see a different side of Yuma--one with an active tourism industry, active agricultural base and home to the 86,000-acre Yuma Proving Grounds, which has 2,400 acres leased to General Motors Corp. for a hot weather testing track.
Next month, Rio Vista Commerce Center's first build-to-suit opens--a 29,000-sf call center for Allstate Corp., headquartered in Northbrook, IL. Ackel says Allstate liked the area because of the accessibility to a bilingual labor force. Yuma is less than eight miles from the Mexico border.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.