AVONDALE, AZ- Conn Appliances Inc., a division of Conn's Inc. has signed a 10-year, 277,649 square foot lease in the first phase of Coldwater Depot Logistics Center, an industrial project under development by Trammell Crow Co. and Clarion Partners. Phase 1, which is nearing completion, is comprised of approximately 604,000 square feet of space.
According to a press release detailing the transaction, Conn's, which is headquartered in Beaumont, TX, will use the space for distribution to serve its seven new locations throughout the greater Phoenix area. The distribution center will employ 80 to 120 workers. Conn's is a specialty retailer selling home appliances, furniture, mattresses and consumer electronics.
Rusty Kennedy and Pat Feeney with CBRE's Phoenix office represented ownership in the transaction. Matthew Keener and Brian Ashby of CBRE's Houston office and Dan Calihan of CBRE's Phoenix office represented the tenant.
“This has been a true partnership between the City of Avondale and Trammell Crow Company for the past three years,” notes Dan Davis, economic development director for the City of Avondale in the realse. “Everyone involved has shown an unwavering commitment to the success of the project. The capital investment, construction jobs created during the building of the facility, and the new jobs that Conn's brings to the area will add to the growing and sustainable economy in Avondale.”
Coldwater Depot Logistics Center is a fully zoned and entitled 66-acre master-planned industrial park located along Interstate 10 at 127th Avenue in the heart of the Southwest Phoenix industrial market. The park is planned for 1.2 million square feet of cross-dock distribution warehouse space upon full build-out.
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