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deniscollins · 6 years

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Amazon’s Hard Bargain Extends Far Beyond New York

What would you do if you were an Amazon executive and Texas’s top finance official said Amazon owed $269 million because it had failed to pay sales taxes from 2005 to 2009, but you believed Amazon did not need to collect the tax because it lacked brick-and-mortar stores in the state: (1) continue to negotiate this through lawyers or (2) close your warehouse at the Dallas-Fort Worth International Airport that employed about 120 people and drop plans to build more outposts in Texas? Why? What are the ethics underlying your decision?

When Texas officials pushed Amazon to pay nearly $270 million in back sales taxes in 2010, Amazon responded by closing its only warehouse in the state and scrapping expansion plans there. Two years later, the officials agreed to waive the past taxes in exchange for Amazon opening new warehouses.

A similar scene played out in South Carolina, where officials decided in 2011 to deny Amazon a sales tax break. After threatening to stop hiring in the state, the company got the tax exemption by promising to hire more people.

And last year in Seattle, the company’s hometown, Amazon halted plans to build one tower and threatened to lease out one under construction when local officials pushed a tax on large employers. The City Council passed a smaller version of the tax, but the company helped finance a successful opposition to repeal it. Now, Amazon plans to lease out its space in the tower under construction anyway.

In New York, Mayor Bill de Blasio called it a “shock to the system” when Amazon, facing criticism for the deal it reached to build a headquarters in the city, abruptly dropped the plans. Gov. Andrew M. Cuomo is still trying to woo them back. But the reversal mirrored the company’s interactions with officials in other states.

Virtually all of America’s largest businesses drive a hard bargain with governments, angling for benefits and financial incentives. Amazon, though, often plays politics with a distinctive message: Give us what we want, or we’ll leave and take our jobs elsewhere.

The tactics help Amazon squeeze as much as possible out of politicians.

“They are just as cutthroat as can be,” said Alex Pearlstein, vice president at Market Street Services, which helps cities, including those with Amazon warehouses, attract employers.

New York’s experience with Amazon also exposed the company’s limited experience with building community relationships. The company did not hire any local employees or lobbyists to connect with New York residents in advance of announcing the deal. Until recent years, almost no one at the company worked full-time in community or government relations, though it now has more than 100 lobbyists registered in statehouses to push its priorities.

That lack of a significant on-the-ground strategy helped doom the deal in New York, and it is causing headaches elsewhere.

Amazon’s promise to deliver practically any item within two days means that it needs warehouses near major population centers, not just where it gets the best deal. In Edison, N.J., noise complaints pressured the company to spend $3 million to build a high wall around a warehouse. Outside of Chicago in Joliet, Ill., Amazon pays for an extra police officer to help manage traffic — and lawmakers want the company to do more.

“Amazon doesn’t like any friction,” said Margaret O’Mara, a professor at the University of Washington who researchers the history of tech companies. But the desire for more urban locations, she said, means “it can’t be my way or the highway.”

The company’s initial pitch is usually simple, saying that its offices and warehouses will deliver quality jobs. And it banks on the public’s widespread trust in the company’s low prices, wide selection and fast delivery. Many politicians and locals are delighted when Amazon arrives and say that the company delivers the jobs it has pledged.

Over all, the company has collected more than $2.4 billion taxpayersubsidies for its offices, warehouses and data centers, according to Good Jobs First, a nonprofit organization that tracks corporate tax breaks.

A company spokeswoman said, “Amazon has created more than 250,000 full-time American jobs and has invested hundreds of billions of dollars into the U.S. economy.” She added, “We are active participants working to support the communities where we operate.”

Asked recently by a business publication if Amazon would change anything about the headquarters search in retrospect, Holly Sullivan, the Amazon executive who led the search, said: “You know, no. I think it was rewarding for us internally.”

Resistance to Sales Tax

In 2010, Texas’s top finance official said Amazon owed $269 million because it had failed to pay sales taxes from 2005 to 2009. Amazon said it did not need to collect the tax because it lacked brick-and-mortar stores in the state. It then shuttered its warehouse at the Dallas-Fort Worth International Airport that employed about 120 people and dropped plans to build more outposts in Texas.

Under a settlement in 2012, the state gave up on the tax charges in exchange for Amazon’s promise to create 2,500 jobs and spend at least $200 million on facilities. Amazon also agreed to begin collecting sales tax and pay the state.

Once the deal was reached, Amazon expanded rapidly across Texas, with millions in subsidies from the state. The company now operates about 20 sites in Texas.

“In our viewpoint, it’s a lot better to get them into compliance voluntarily than spend a whole lot of time fighting about the past periods,” said Karey Barton, the state’s associate deputy comptroller for tax.

For one of the new warehouses, in San Marcos, between Austin and San Antonio, Amazon received a $16.6 million tax rebate. The warehouse has nearly 3,000 employees, making it the largest private employer in town.

“Everything that they told us and promised us on the number of jobs and that kind of thing has surpassed their timelines,” said Kristy Stark, the communications director for the City of San Marcos. “We have nothing but positive things to say.”

Amazon waged a nearly identical war in South Carolina, when officials, including then-Gov. Nikki Haley, a Republican, opposed a sales tax break. It pulled job listings off its website for a warehouse under construction near Columbia and canceled contracts for the new facility.

The threat worked, rallying support from businesses and government leaders. The legislature gave Amazon a five-year grace period for collecting sales taxes, while Amazon conceded that it would tell residents how much they owed in sales tax.

And the company resumed hiring in the state, where it now has at least three facilities.

Hometown Fight

Amazon grew from start-up to behemoth in Seattle, devouring new towers and buildable land.

Nevertheless, the company kept its distance from local lawmakers. In 2009, the mayor and governor threw a groundbreaking ceremony for new Amazon buildings. No Amazon executives attended.

In recent years, Amazon made some gestures of civic responsibility, including in 2017, when it committed to build a shelter for homeless families in a new tower. That year, Amazon also hired its first employee to build a team focused on philanthropy. More than a dozen people now work on that effort.

But it didn’t speak up on policy issues, including ways to address the skyrocketing housing prices in the area. That changed in 2018, when the City Council debated a tax on large employers, which was meant to pay for homeless services and affordable housing.

Amazon stood up in opposition, telling a newspaper columnist that it would halt plans to build one new tower and reconsider its lease on a second. The threat sent shock waves through the city.

After a wrenching public process, the city passed a head tax that was roughly half the size of the initial proposal.

That did not placate Amazon, which said the city was not effectively spending the money it already had. The message struck a chord with some frustrated homeowners, who said that the city spent millions on the homeless programs and yet encampments stood by their homes and parks. They joined forces on a signature drive to put a repeal of the tax on the ballot.

Amazon was one of largest donors to a repeal campaign, which paid about $345,000 to a firm, Morning in America, to gather signatures and print fliers and shirts.

With anger growing over the tax, the council relented and repealed it. “This is not a winnable battle at this time,” Lisa Herbold, a member of the City Council, said before the vote. “The opposition has unlimited resources.”

New Headaches

As Amazon expands, including closer to more major cities like New York and Chicago, it is facing more local demands.

“People think that Amazon is a 100 percent sleek machine,” said Beth Gutelius, a researcher at the University of Illinois at Chicago with a focus on warehouses. In reality, a lot falls through the cracks. “Even if they are trying to be strategic locally, they can’t actually do it because they are so big and sprawling.”

In late 2017, Amazon opened a warehouse in Edison, N.J., near New York. The site used to be a quiet warehouse for comforters and bedding, but lights now shine and trucks rumble at all hours. Amazon made some changes, like having the trucks emit a low hiss, rather than beep, on the loading docks. But neighbors said commotion was still intrusive.

Lisa Bukachevsky, who lives behind the warehouse, said she tried to hire a lawyer, but none would take her case. “They said, ‘You don’t have enough money to fight Amazon,’” she said.

The town attorney took up the issue, and Amazon hired a sound engineer and then constructed the 20-foot tall wall that cost $3 million.

The wall helps block the light, but not much of the noise, Ms. Bukachevsky said. She and her husband, Mark, say Amazon could have saved a lot of headache if it had consulted the community first.

“I’m not anti-Amazon,” Mr. Bukachevsky said, adding that he owns Amazon stock. “I’m anti-noise.”

In Illinois, Amazon initially resisted opening facilities because that would have required it to start collecting sales taxes, said John E. Greuling, the president of the Will County Center for Economic Development. But then, Mr. Greuling said, “They realized Illinois was too important a location for them.”

Just a few years later, the company has 7,000 people across five facilities in Will County, which includes Joliet, making it the largest employer in an area evolving into a major logistics hub. The first Amazon warehouse to open in Joliet received a state tax incentive of $71.5 million for up to 10 years.

About two miles south of downtown Joliet, along State Route 53, a routine plays out several times a day that causes some dread among locals. Amazon employees’ cars line up along a narrow street perpendicular to the highway. One after the next, they turn onto the busy four-lane thoroughfare, creating a long caravan during shift changes.

Local residents trying to maneuver their way along this major artery can get stuck sitting at stop signs for 5 or 10 minutes. Amazon pays a local police officer to manage the flow during the holiday season and is part of a public-private group working to address traffic.

Some local officials, including Denise Winfrey, the Will County board speaker, say they fear the deals that lured Amazon and other major companies to the region did not give the state enough resources to fix the infrastructure, which is increasingly stressed as Amazon and others use them.

“If you’re in the area, using the resources, you have the people, you’re stopping through the neighborhoods, you’re driving through the streets — you have some responsibility to make sure that you are contributing positively to the community beyond the jobs,” Ms. Winfrey said.

#Amazon

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juditmiltz · 6 years

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South Florida’s largest industrial leases in 2018

From to left, clockwise: Airport North Logistics Park, Weston Meridian Business Campus, 2965 West Corporate Lakes Boulevard, Coral Springs Commerce Center I and Beacon Lakes

Industrial lease deals in South Florida are getting larger and happening more frequently, commercial brokers say.

Erin Byers, vice president of Colliers International South Florida said leased spaces have grown over the past five years. The top 10 deals five years ago would only sometimes hit the 100,000-square-foot mark. “Now, almost all the deal sizes are in the 80,000 square foot range and up,” she said.

CBRE’s Tony Hoover sees a similar trend. He represented tech startup ShipMonk in its recent 170,447-square-foot lease deal at Bridge Point Riverbend, a speculative 221,542-square-foot industrial building close to completion in Fort Lauderdale. Byers represented the landlord.

“Building a speculative 220,000-square-foot project sounds risky, but there’s a market there to absorb it,” Hoover said.

Here, The Real Deal breaks down this year’s five largest industrial lease deals in South Florida, ranging from 200,000 square feet to about 257,000 square feet. The data is from Colliers International South Florida.

Nestlé leases entire building in northwest Miami-Dade

The thirst for industrial space led to Nestlé Waters North America’s 257,000-square-foot lease at the Airport North Logistics Park.

The company filled an entire building at 8501 Northwest 80th Street, and takes nearly one-third of the space at the 900,000-square-foot, three-building logistics park in northwest Miami-Dade.

L&B Realty Advisors, based in Dallas, owns the industrial park. Cushman & Wakefield’s Wayne Ramoski, Gian Rodriguez and Skylar Stein represented L&B, while CBRE’s Tom O’Loughlin, Marineh Dermovsesian and Larry Genet represented Nestlé Waters.

The company has 15 brands under its umbrella, including Zephryhills. Nestlé Waters is a subsidiary of the Switzerland-based food and beverage company Nestle, S.A.

USL Cargo Services occupies distribution center in Weston

Logistics company USL Cargo Services came in second place, but is still one of the largest lease deals in Broward County so far this year.

The company occupied an entire 232,000-square-foot warehouse in Weston. The distribution center at 3245 Meridian Parkway was previously vacant. It takes up about 11 acres within the Weston Meridian Business Campus, near I-75.

USL Cargo Services handles air and sea freight and provides storage for dry and refrigerated cargo. It was launched in 2015 when it partnered with Hong Kong-based Cargo Services Far East Limited.

Postal Center International heads to Weston

Postal Center International, a print, mail and marketing company plans to move into a 224,650-square-foot office building at 2965 West Corporate Lakes Boulevard in early summer 2019.

The company signed the lease over the summer. The landlord is Teachers Insurance and Annuity Association of America or TIAA. Build-out is expected to begin soon.

The climate-controlled building offers about 30,000 square feet of office space, 30-foot clear heights, 32 dock-high doors, two drive-in ramps and 296 parking spaces.

Emser Tile inks lease at new industrial building in Coral Springs

Over the summer, Emser Tiles inked a 215,486-square-foot lease within the Coral Springs Commerce Center for one of its new distribution centers.

The company moved in in late September, according to representative at the company. Emser has three other distribution centers in the United States.

The building at 4030 Northwest 126 Street was recently developed by Pennsylvania-based Exeter Property Group. The second phase of Coral Springs Commerce Center will consist of three speculative industrial buildings.

Exeter acquired the 40-acre property last year from a Swiss manufacturing company called Hoerbiger.

Dufry signs lease for future HQ at Prologis’ Beacon Lakes

Swiss travel retailer Dufry inked the fifth largest lease deal in February when it signed a 200,000-square-foot contract at Prologis’ Beacon Lakes business park in northwest Miami-Dade County.

Dufry plans to move into its new headquarters by the first quarter of 2019. The build-to-suit warehouse space will add 40,000 square feet to the retailer’s current footprint in the area.

The property is located on the southeast corner of Northwest 137th Avenue and Northwest 14th Street, between Northwest 14th and State Road 836. Dufry formerly operated out of a 160,000-square-foot space at the nearby International Corporate Park in Doral.

The 478-acre Beacon Lakes has signed on tenants such as Amazon, UPS, Ryder System, and NBCUniversal Telemundo Enterprises.

The top 5 South Florida industrial leases signed in 2018

RankPropertyAddressSquare FeetTenantLandlordBrokerage(s) 1Airport North Logistics Park8501 Northwest 80th Street257,074Nestlé Waters North AmericaL&B Realty AdvisorsCushman & Wakefield; CBRE 2Meridian Business Campus3245 Meridian Parkway230,600USL Cargo ServicesClarion PartnersCBRE 3Weston Business Center2965 West Corporate Lakes Boulevard224,650Postal Center InternationalPH Real EstateCushman & Wakefield; CBRE 4Coral Springs Commerce Center4030 Northwest 126th Avenue215,486Emser TileExeter Property GroupIn-house 5Beacon Lakes13650 Northwest 17th Street200,000DufryPrologisBlanca Commercial Real Estate; JLL

from The Real Deal Miami https://therealdeal.com/miami/2018/12/24/south-floridas-largest-industrial-leases-in-2018/ via IFTTT

#The Real Deal Miami

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alfredrserrano · 6 years

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South Florida’s largest industrial leases in 2018

From to left, clockwise: Airport North Logistics Park, Weston Meridian Business Campus, 2965 West Corporate Lakes Boulevard, Coral Springs Commerce Center I and Beacon Lakes

Industrial lease deals in South Florida are getting larger and happening more frequently, commercial brokers say.

“Building a speculative 220,000-square-foot project sounds risky, but there’s a market there to absorb it,” Hoover said.

Nestlé leases entire building in northwest Miami-Dade

The thirst for industrial space led to Nestlé Waters North America’s 257,000-square-foot lease at the Airport North Logistics Park.

The company filled an entire building at 8501 Northwest 80th Street, and takes nearly one-third of the space at the 900,000-square-foot, three-building logistics park in northwest Miami-Dade.

The company has 15 brands under its umbrella, including Zephryhills. Nestlé Waters is a subsidiary of the Switzerland-based food and beverage company Nestle, S.A.

USL Cargo Services occupies distribution center in Weston

Logistics company USL Cargo Services came in second place, but is still one of the largest lease deals in Broward County so far this year.

USL Cargo Services handles air and sea freight and provides storage for dry and refrigerated cargo. It was launched in 2015 when it partnered with Hong Kong-based Cargo Services Far East Limited.

Postal Center International heads to Weston

Postal Center International, a print, mail and marketing company plans to move into a 224,650-square-foot office building at 2965 West Corporate Lakes Boulevard in early summer 2019.

The company signed the lease over the summer. The landlord is Teachers Insurance and Annuity Association of America or TIAA. Build-out is expected to begin soon.

The climate-controlled building offers about 30,000 square feet of office space, 30-foot clear heights, 32 dock-high doors, two drive-in ramps and 296 parking spaces.

Emser Tile inks lease at new industrial building in Coral Springs

Over the summer, Emser Tiles inked a 215,486-square-foot lease within the Coral Springs Commerce Center for one of its new distribution centers.

The company moved in in late September, according to representative at the company. Emser has three other distribution centers in the United States.

Exeter acquired the 40-acre property last year from a Swiss manufacturing company called Hoerbiger.

Dufry signs lease for future HQ at Prologis’ Beacon Lakes

Swiss travel retailer Dufry inked the fifth largest lease deal in February when it signed a 200,000-square-foot contract at Prologis’ Beacon Lakes business park in northwest Miami-Dade County.

Dufry plans to move into its new headquarters by the first quarter of 2019. The build-to-suit warehouse space will add 40,000 square feet to the retailer’s current footprint in the area.

The 478-acre Beacon Lakes has signed on tenants such as Amazon, UPS, Ryder System, and NBCUniversal Telemundo Enterprises.

The top 5 South Florida industrial leases signed in 2018

from The Real Deal Miami https://therealdeal.com/miami/2018/12/24/south-floridas-largest-industrial-leases-in-2018/ via IFTTT

#The Real Deal Miami

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oselatra · 7 years

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A guide to the East Village

Sixth Street development is in the can.

You need a glossary to understand just what is coming to the East Village, the neighborhood east of Interstate 30 and north of Ninth Street. Two breweries — Rebel Kettle and Lost Forty — kicked off development here, and it's now identified by street flags on Sixth Street. So here it is:

The Paint Factory: The new home of Cromwell Architects Engineers at 1300 E. Sixth St., formerly the home of Stebbins and Roberts paint company, hence the name.

12 Star Flats: One- and two-bedroom apartments coming to the second floor of The Paint Factory.

The Mixing Room: A community and event room for rent to the public in The Paint Factory.

The Printshop: Just like it sounds, a retail printshop, in The Paint Factory.

Cathead's Diner: At 515 Shall (pronounced shawl) Ave., but really part of The Paint Factory, it's another enterprise whose purpose you don't have to guess at: It's a restaurant, operated by Donnie Ferneau and Kelli Marks.

The Bike Shop: Not a bike shop, but a 15,000-square-foot warehouse at 1212 E. Sixth St. being renovated by Cromwell Architects Engineers and Moses Tucker Real Estate to the tune of $1.5 million.

The Rail Yard: Not a rail yard, but a food truck and beer garden site. Located in The Bike Shop.

Count Porkula BBQ: Happily, just what it sounds like. Located in The Bike Shop.

eStem: The new elementary and junior high school that is part of the eStem Public Charter Schools Inc.

Now that you're oriented, let's start with The Rail Yard and Count Porkula in The Bike Shop (which used to house Ron King's Recycle Bikes for Kids refurbishing shop, now located at 717 E. 10th St. in North Little Rock). The Bike Shop

Though it has a masculine-sounding name, The Rail Yard is a venture of three women — sisters-in-law Murry Newbern and Linda Newbern and their aunt, Virginia Young — who were inspired to create this outdoor venue that will feature food trucks in rotation. They got the idea for the business on a visit to the Texas Truck Yard in Dallas; they got the idea for the location when they attended a Downtown Little Rock Partnership pop-up party in the alley west of The Bike Shop, along the Union Pacific Railroad track. The decision by Count Porkula to locate in The Bike Shop sealed The Rail Yard deal, co-owner Murry Newbern said. The food trucks will surround a beer garden featuring craft beers; wine and cocktails will be served as well.

Dogs will be welcome at The Rail Yard, though they may have to be restrained to keep them from charging Count Porkula. Kelly Lovell and Walt Todd, owners of the Count's food truck, had been looking for a kitchen "to do more catering out of," Lovell said.

"It just kind of organically grew. ... It was just kind of a perfect fit" with The Rail Yard, he said. They hope to be smoking by the first of July.

Rock Town Distillery at Sixth and Shall streets is moving to SoMa, leaving empty a space that Dan Fowler, Cromwell's director of finance and business development, calls "amazing." Moses Tucker and Cromwell have not yet announced plans for what will go in the Rock Town space, but Fowler said they would have a couple of "exciting things" to say about the space in a few months

The Paint Factory

Now cross Shall Street to The Paint Factory, the new home of Cromwell Architects Engineers and other enterprises. There, whiskers willing, Cathead's Diner will open in May.

Donnie Ferneau (formerly of Ferneau, Ferneau's Good Food and the 1836 Club) will once more assume his chef's toque, this time to offer Southern dishes, both traditional and eccentric: His partner, baker Kelli Marks, said the menu should offer such things as "meat and three" plates, pulled pork, ribs, fried chicken and ... and donut sandwiches and biscuit nachos. Cathead's will serve brunch both on Saturday and Sunday, and Saturday's is being called the "Instagram Brunch," Marks said, because "it's going to be amazing things you're going to want to put on Instagram." Sunday brunch will be an all-you-can eat "hot line." Marks, who formerly operated Sweet Love Bakery, will be baking the biscuits and pastries for the farm-to-table, cafeteria-style operation. The entrance to Cathead's will be from Shall Street.

The Cromwell offices, The Mixing Room and The Print Shop will all be entered from Sixth Street. The Mixing Room will be a 900-square-foot meeting and event space for the community. It will be available for rent, but Cromwell will allow such groups as neighborhood associations to use it without charge. "The concept there is exchange and mixing of thoughts — advancing ideas and thoughts in the community," Fowler said. Its name references paint mixing; the room could be the birthplace of ideas as varied as the color spectrum.

The Print Shop will offer retail printing for such things as high-volume business printing, booklets and large-format items like posters and banners.

The 12 Star Flats, 16 apartments named for the best-selling paint of Stebbins and Roberts successor Sterling Paint, are on the second floor of The Paint Factory, with an entrance on Sixth. Fowler said the flats will be ready for occupation in mid-April, and that several have already been leased. Available are three two-bedroom, two-bath units and 13 one-bed, one-bath studios.

Fowler hopes to see more development in the area. "I think what really needs to follow on the heels of retail and office is a really great focus on the neighborhood to the east and south of our area," he said, including more housing. Some of that will come from Harbor Town, John Burkhalter's apartment development on the Arkansas River east of Heifer International.

eStem Elementary and Junior High School

EStem charter schools, with grades K-9 campuses on Third Street and Louisiana and 10-12 on the campus of UA Little Rock, will open a new elementary and a new junior high at 400 Shall St. in July, when the 2018-19 school year begins. WER Architects helped transform a 120,000-square-foot warehouse into the schools, which will serve 750 elementary students and 300 junior high school students at opening. Eventually, the schools will hold 850 elementary seats and 450 junior high school seats. The school received a Walton Family Foundation grant of $2 million to buy the Shall Street property. The total cost of the project is $30 million; eStem is using federal New Market Tax Credits and federal and state historic tax credits to finance the construction.

Rock City Yacht Club

It's been about 12 years in the works, but John Burkhalter's marina development on the Arkansas River, just east of Heifer International, is taking shape and will be open this summer, the engineer's spokesman said.

"The cat's out of the bag and we're full steam ahead," Chris Masingill said. "[We're] building a whole community down there. ... And it's connected to all the additional synergies downtown."

The Rock City Yacht Club, a public-private partnership that's taken myriad state and federal permits to build, will feature a four-acre park and public access ramp built by the Arkansas Game and Fish Commission, at least 158 boat slips and a dock store. A year or so down the road, Masingill said, Harbor Town — Burkhalter's name for the whole development — will include a luxury apartment complex called the Fountainbleau. "Every unit will have a view of the river," Masingill said; there will be a total of 176 two-bedroom "high-end" apartments in seven three- and four-story buildings. The apartment complex will feature a pool and clubhouse.

Massingill expects ground to be broken at the end of the summer or fall on the Fountainbleau. It sounds ambitious, but then so did the entire project.

At full build-out, there will be 258 slips, and boat rental will be available. A $1.3 million federal Clean Vessel Act and Boating Infrastructure grant was used to build the fueling dock. Game and Fish contributed $100,000.

"If you had told me nine years ago that I would just now be at this stage," Burkhalter told the Arkansas Times in 2015 as he gestured to the pipes and crane along the river, "I would have taken a pass." His estimated opening date then: summer 2016. It took two years more. The entrance to Harbor Town — on East Second Street (by way of Bond and Sixth streets) will be stunning, Masingill said: "A 60,000-pound anchor from a U.S. Navy aircraft carrier placed in the middle of a fountain — water jets shooting up all around it, lights flashing ... that's going to be the first thing that people see when they come into the marina," he said.

A 2,000-square-foot, full-service dock store will service boats. A restaurant adjacent to the dock store will open after the residential development is complete.

A guide to the East Village

#A guide to the East Village

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texasborderbusiness · 7 years

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Front of the existing warehouses featuring tenant’s logos, visible and accesible from the highly transited loop I-410 south.

Back of warehouses exclusively for trucks with plenty of space to maneuver. Three high dock doors per warehouse unit.

Covered front dock and wide roll up doors in each unit to serve walk-in customers, load small box trucks and utility vehicles.

Inside of a tenant’s cold room storing tomatoes imported from Mexico. All units feature a cold room for up to 156 pallets.

Locally grown herbs being processed and packaged for a major grocery chain inside one of the inspection ready warehouses.

The development has condominium administration with security, video surveillance and maintenance of streets and parking lots.

Located in south San Antonio right on I-410 with easy access to all highways that connect Texas’ ports of entry to it’s biggest cities.

Texas Border Business

Since its inauguration in April 2016, the new San Antonio Wholesale Produce Market has been steadily welcoming more and more produce growers and merchants from the U.S and Mexico, who are finding here the right warehouse amenities and ideal location for storage, distribution, and wholesale.

This new market consists of 60 warehouses, sometimes occupied as doubles or triples, that incorporate the best in functionality and modern design, with a large lot for general parking for visitors and trucks, and extra-wide streets for easy truck maneuvering. The project operates like a gated condominium with common area maintenance, 24-hour security, and video surveillance.

All warehouse units are 3,100 square feet with an additional 900 square feet mezzanine for an office, including insulated panels and roof, as well as a brand-new refrigeration equipment. Each cold room can hold up to 156 pallets or about seven truckloads.

The temperature in the loading areas is also controlled to ensure cold-chain continuity. Each warehouse features a 450-square foot covered front dock with access to lighter loads and three insulated dock-high doors in the back for trucks. Its interior layout facilitates the process to obtain warehouse certifications in the industry.

The new San Antonio Wholesale Produce Market has seen a considerable interest from local and international companies that are looking to serve the markets of San Antonio, Houston, Austin and Dallas. This location facilitates consolidation and distribution of northbound and southbound cargo crossing the borders of Mexico and Canada.

San Antonio, Texas is a booming city, and the new San Antonio Wholesale Produce Market is without a doubt the missing puzzle to house commercial vendors. Its location serves as a perfect regional hub for the distribution of fresh produce to all over Texas and Central East United States due to its geographical position and proximity to Mexico, where most produce imports come from, as well as its highway connectivity that facilitates the consolidation and distribution of north bound and south bound cargo.

San Antonio is the 7th largest growing city in the United States. Even though the city neighbors with Austin and Houston, San Antonio is an underserved metropolitan market with demand for fresh produce by the hospitality industry and food related businesses that serve more than 26 million tourists that the city hosts each year.

San Antonio Wholesale Produce Market allows importers, wholesalers and merchants to be closer to the biggest consumer markets in Texas besides San Antonio, such as Houston, Austin and Dallas. Additionally, and different from current most significant produce hubs like are McAllen, TX and Nogales, AZ, produce imports from Mexico can reach San

Antonio through a variety of ports of entry such as McAllen-Pharr, Laredo, Eagle Pass and even El Paso Texas. As highway infrastructure improves in Mexico, connectivity to primary produce production regions with this port of entry in Texas increases.

Out of the 80 acres designated for the development, 25 acres have been developed.

A total of 60 refrigerated warehouse units were finished at the beginning of the year. Each of the spaces has about 3,100 sq. ft.

Abasto Properties LLC, the developer, has had great success selling most of the units in this first phase and continues leasing the remaining units.

Backed by more than three decades of experience in wholesale produce market developments, Abasto Properties offers excellent support to companies acquiring lots to design and construct a warehouse according to their needs and specifications. Owner financing for the purchase of the lots is available.

People that know the industry like the large concrete streets for truck maneuvering and parking on one side, paved streets and plenty of parking on the other end of the lot. All utilities are available.

Also, the lots are part of the same condominium administration of the existing warehouses in the first phase and enjoy the typical amenities that come along with it, including controlled access, security and video surveillance, landscaping, and maintenance.

The second phase of the San Antonio Wholesale Produce Market is enhancing the relevance of the development in the Texas produce industry overall, and it’s also attracting larger companies looking at San Antonio as an ideal distribution, processing, repacking and wholesale spot for their US or Mexico grown products.

The demand for larger warehouse accommodations with cold rooms and freezers in central Texas is already pushing the recently inaugurated San Antonio Wholesale Produce Market in south San Antonio to continue the development of the next phases of its warehouse park.

Abasto Properties has already started the second phase of the Produce Terminal Market. Although ground breaking is planned for the first half of next year, the company is already pre-selling the industrial lots for customers to build warehouses of 10,000 sq. ft. or more.

San Antonio Wholesale Produce Market is located right on South East Loop 410 that connects all the city and provides easy access to Interstate 10 to get to Houston, Interstate 35 coming from Laredo, passing through Austin and Dallas all the way to Canada, and Interstate 37 coming from McAllen-Pharr and Corpus Christi.

Abasto’s Wholesale Produce Making an Impact in San Antonio Texas Texas Border Business Since its inauguration in April 2016, the new San Antonio Wholesale Produce Market has been steadily welcoming more and more produce growers and merchants from the U.S and Mexico, who are finding here the right warehouse amenities and ideal location for storage, distribution, and wholesale.

#International #San Antonio #USA/Mexico

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christianniro21 · 11 months

Text

Cold Storage Warehouse for Sale Dallas

Looking for a crane warehouse for lease in Dallas? Find the best options to expand your business operations and meet your storage needs. Start your search now. For More Info Please visit our website - https://warehousefinder.net/

#Bodegas en Renta Dallas #Cold Storage Warehouse for Lease Dallas #Crane Warehouse for Lease Dallas #Crane Warehouse for Sale Dallas #Dock High Warehouse for Lease Dallas #Dock High Warehouse for Sale Dallas

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juditmiltz · 6 years

Text

South Florida’s largest industrial leases in 2018

From to left, clockwise: Airport North Logistics Park, Weston Meridian Business Campus, 2965 West Corporate Lakes Boulevard, Coral Springs Commerce Center I and Beacon Lakes

Industrial lease deals in South Florida are getting larger and happening more frequently, commercial brokers say.

“Building a speculative 220,000-square-foot project sounds risky, but there’s a market there to absorb it,” Hoover said.

Nestlé leases entire building in northwest Miami-Dade

The thirst for industrial space led to Nestlé Waters North America’s 257,000-square-foot lease at the Airport North Logistics Park.

The company filled an entire building at 8501 Northwest 80th Street, and takes nearly one-third of the space at the 900,000-square-foot, three-building logistics park in northwest Miami-Dade.

The company has 15 brands under its umbrella, including Zephryhills. Nestlé Waters is a subsidiary of the Switzerland-based food and beverage company Nestle, S.A.

USL Cargo Services occupies distribution center in Weston

Logistics company USL Cargo Services came in second place, but is still one of the largest lease deals in Broward County so far this year.

USL Cargo Services handles air and sea freight and provides storage for dry and refrigerated cargo. It was launched in 2015 when it partnered with Hong Kong-based Cargo Services Far East Limited.

Postal Center International heads to Weston

Postal Center International, a print, mail and marketing company plans to move into a 224,650-square-foot office building at 2965 West Corporate Lakes Boulevard in early summer 2019.

The company signed the lease over the summer. The landlord is Teachers Insurance and Annuity Association of America or TIAA. Build-out is expected to begin soon.

The climate-controlled building offers about 30,000 square feet of office space, 30-foot clear heights, 32 dock-high doors, two drive-in ramps and 296 parking spaces.

Emser Tile inks lease at new industrial building in Coral Springs

Over the summer, Emser Tiles inked a 215,486-square-foot lease within the Coral Springs Commerce Center for one of its new distribution centers.

The company moved in in late September, according to representative at the company. Emser has three other distribution centers in the United States.

Exeter acquired the 40-acre property last year from a Swiss manufacturing company called Hoerbiger.

Dufry signs lease for future HQ at Prologis’ Beacon Lakes

Swiss travel retailer Dufry inked the fifth largest lease deal in February when it signed a 200,000-square-foot contract at Prologis’ Beacon Lakes business park in northwest Miami-Dade County.

Dufry plans to move into its new headquarters by the first quarter of 2019. The build-to-suit warehouse space will add 40,000 square feet to the retailer’s current footprint in the area.

The 478-acre Beacon Lakes has signed on tenants such as Amazon, UPS, Ryder System, and NBCUniversal Telemundo Enterprises.

The top 5 South Florida industrial leases signed in 2018

from The Real Deal Miami https://therealdeal.com/miami/2018/12/24/south-floridas-largest-industrial-leases-in-2018/ via IFTTT

#The Real Deal Miami

0 notes

juditmiltz · 6 years

Text

South Florida’s largest industrial leases in 2018

From to left, clockwise: Airport North Logistics Park, Weston Meridian Business Campus, 2965 West Corporate Lakes Boulevard, Coral Springs Commerce Center I and Beacon Lakes

Industrial lease deals in South Florida are getting larger and happening more frequently, commercial brokers say.

“Building a speculative 220,000-square-foot project sounds risky, but there’s a market there to absorb it,” Hoover said.

Nestlé leases entire building in northwest Miami-Dade

The thirst for industrial space led to Nestlé Waters North America’s 257,000-square-foot lease at the Airport North Logistics Park.

The company filled an entire building at 8501 Northwest 80th Street, and takes nearly one-third of the space at the 900,000-square-foot, three-building logistics park in northwest Miami-Dade.

The company has 15 brands under its umbrella, including Zephryhills. Nestlé Waters is a subsidiary of the Switzerland-based food and beverage company Nestle, S.A.

USL Cargo Services occupies distribution center in Weston

Logistics company USL Cargo Services came in second place, but is still one of the largest lease deals in Broward County so far this year.

USL Cargo Services handles air and sea freight and provides storage for dry and refrigerated cargo. It was launched in 2015 when it partnered with Hong Kong-based Cargo Services Far East Limited.

Postal Center International heads to Weston

Postal Center International, a print, mail and marketing company plans to move into a 224,650-square-foot office building at 2965 West Corporate Lakes Boulevard in early summer 2019.

The company signed the lease over the summer. The landlord is Teachers Insurance and Annuity Association of America or TIAA. Build-out is expected to begin soon.

The climate-controlled building offers about 30,000 square feet of office space, 30-foot clear heights, 32 dock-high doors, two drive-in ramps and 296 parking spaces.

Emser Tile inks lease at new industrial building in Coral Springs

Over the summer, Emser Tiles inked a 215,486-square-foot lease within the Coral Springs Commerce Center for one of its new distribution centers.

The company moved in in late September, according to representative at the company. Emser has three other distribution centers in the United States.

Exeter acquired the 40-acre property last year from a Swiss manufacturing company called Hoerbiger.

Dufry signs lease for future HQ at Prologis’ Beacon Lakes

Swiss travel retailer Dufry inked the fifth largest lease deal in February when it signed a 200,000-square-foot contract at Prologis’ Beacon Lakes business park in northwest Miami-Dade County.

Dufry plans to move into its new headquarters by the first quarter of 2019. The build-to-suit warehouse space will add 40,000 square feet to the retailer’s current footprint in the area.

The 478-acre Beacon Lakes has signed on tenants such as Amazon, UPS, Ryder System, and NBCUniversal Telemundo Enterprises.

The top 5 South Florida industrial leases signed in 2018

from The Real Deal Miami https://therealdeal.com/miami/2018/12/24/south-floridas-largest-industrial-leases-in-2018/ via IFTTT

#The Real Deal Miami

0 notes

alfredrserrano · 6 years

Text

South Florida’s largest industrial leases in 2018

From to left, clockwise: Airport North Logistics Park, Weston Meridian Business Campus, 2965 West Corporate Lakes Boulevard, Coral Springs Commerce Center I and Beacon Lakes

Industrial lease deals in South Florida are getting larger and happening more frequently, commercial brokers say.

“Building a speculative 220,000-square-foot project sounds risky, but there’s a market there to absorb it,” Hoover said.

Nestlé leases entire building in northwest Miami-Dade

The thirst for industrial space led to Nestlé Waters North America’s 257,000-square-foot lease at the Airport North Logistics Park.

The company filled an entire building at 8501 Northwest 80th Street, and takes nearly one-third of the space at the 900,000-square-foot, three-building logistics park in northwest Miami-Dade.

The company has 15 brands under its umbrella, including Zephryhills. Nestlé Waters is a subsidiary of the Switzerland-based food and beverage company Nestle, S.A.

USL Cargo Services occupies distribution center in Weston

Logistics company USL Cargo Services came in second place, but is still one of the largest lease deals in Broward County so far this year.

USL Cargo Services handles air and sea freight and provides storage for dry and refrigerated cargo. It was launched in 2015 when it partnered with Hong Kong-based Cargo Services Far East Limited.

Postal Center International heads to Weston

Postal Center International, a print, mail and marketing company plans to move into a 224,650-square-foot office building at 2965 West Corporate Lakes Boulevard in early summer 2019.

The company signed the lease over the summer. The landlord is Teachers Insurance and Annuity Association of America or TIAA. Build-out is expected to begin soon.

The climate-controlled building offers about 30,000 square feet of office space, 30-foot clear heights, 32 dock-high doors, two drive-in ramps and 296 parking spaces.

Emser Tile inks lease at new industrial building in Coral Springs

Over the summer, Emser Tiles inked a 215,486-square-foot lease within the Coral Springs Commerce Center for one of its new distribution centers.

The company moved in in late September, according to representative at the company. Emser has three other distribution centers in the United States.

Exeter acquired the 40-acre property last year from a Swiss manufacturing company called Hoerbiger.

Dufry signs lease for future HQ at Prologis’ Beacon Lakes

Swiss travel retailer Dufry inked the fifth largest lease deal in February when it signed a 200,000-square-foot contract at Prologis’ Beacon Lakes business park in northwest Miami-Dade County.

Dufry plans to move into its new headquarters by the first quarter of 2019. The build-to-suit warehouse space will add 40,000 square feet to the retailer’s current footprint in the area.

The 478-acre Beacon Lakes has signed on tenants such as Amazon, UPS, Ryder System, and NBCUniversal Telemundo Enterprises.

The top 5 South Florida industrial leases signed in 2018

from The Real Deal Miami https://therealdeal.com/miami/2018/12/24/south-floridas-largest-industrial-leases-in-2018/ via IFTTT

#The Real Deal Miami

0 notes

juditmiltz · 6 years

Text

South Florida’s largest industrial leases in 2018

From to left, clockwise: Airport North Logistics Park, Weston Meridian Business Campus, 2965 West Corporate Lakes Boulevard, Coral Springs Commerce Center I and Beacon Lakes

Industrial lease deals in South Florida are getting larger and happening more frequently, commercial brokers say.

“Building a speculative 220,000-square-foot project sounds risky, but there’s a market there to absorb it,” Hoover said.

Nestlé leases entire building in northwest Miami-Dade

The thirst for industrial space led to Nestlé Waters North America’s 257,000-square-foot lease at the Airport North Logistics Park.

The company filled an entire building at 8501 Northwest 80th Street, and takes nearly one-third of the space at the 900,000-square-foot, three-building logistics park in northwest Miami-Dade.

The company has 15 brands under its umbrella, including Zephryhills. Nestlé Waters is a subsidiary of the Switzerland-based food and beverage company Nestle, S.A.

USL Cargo Services occupies distribution center in Weston

Logistics company USL Cargo Services came in second place, but is still one of the largest lease deals in Broward County so far this year.

USL Cargo Services handles air and sea freight and provides storage for dry and refrigerated cargo. It was launched in 2015 when it partnered with Hong Kong-based Cargo Services Far East Limited.

Postal Center International heads to Weston

Postal Center International, a print, mail and marketing company plans to move into a 224,650-square-foot office building at 2965 West Corporate Lakes Boulevard in early summer 2019.

The company signed the lease over the summer. The landlord is Teachers Insurance and Annuity Association of America or TIAA. Build-out is expected to begin soon.

The climate-controlled building offers about 30,000 square feet of office space, 30-foot clear heights, 32 dock-high doors, two drive-in ramps and 296 parking spaces.

Emser Tile inks lease at new industrial building in Coral Springs

Over the summer, Emser Tiles inked a 215,486-square-foot lease within the Coral Springs Commerce Center for one of its new distribution centers.

The company moved in in late September, according to representative at the company. Emser has three other distribution centers in the United States.

Exeter acquired the 40-acre property last year from a Swiss manufacturing company called Hoerbiger.

Dufry signs lease for future HQ at Prologis’ Beacon Lakes

Swiss travel retailer Dufry inked the fifth largest lease deal in February when it signed a 200,000-square-foot contract at Prologis’ Beacon Lakes business park in northwest Miami-Dade County.

Dufry plans to move into its new headquarters by the first quarter of 2019. The build-to-suit warehouse space will add 40,000 square feet to the retailer’s current footprint in the area.

The 478-acre Beacon Lakes has signed on tenants such as Amazon, UPS, Ryder System, and NBCUniversal Telemundo Enterprises.

The top 5 South Florida industrial leases signed in 2018

from The Real Deal Miami https://therealdeal.com/miami/2018/12/24/south-floridas-largest-industrial-leases-in-2018/ via IFTTT

#The Real Deal Miami

0 notes

juditmiltz · 6 years

Text

South Florida’s largest industrial leases in 2018

From to left, clockwise: Airport North Logistics Park, Weston Meridian Business Campus, 2965 West Corporate Lakes Boulevard, Coral Springs Commerce Center I and Beacon Lakes

Industrial lease deals in South Florida are getting larger and happening more frequently, commercial brokers say.

“Building a speculative 220,000-square-foot project sounds risky, but there’s a market there to absorb it,” Hoover said.

Nestlé leases entire building in northwest Miami-Dade

The thirst for industrial space led to Nestlé Waters North America’s 257,000-square-foot lease at the Airport North Logistics Park.

The company filled an entire building at 8501 Northwest 80th Street, and takes nearly one-third of the space at the 900,000-square-foot, three-building logistics park in northwest Miami-Dade.

The company has 15 brands under its umbrella, including Zephryhills. Nestlé Waters is a subsidiary of the Switzerland-based food and beverage company Nestle, S.A.

USL Cargo Services occupies distribution center in Weston

Logistics company USL Cargo Services came in second place, but is still one of the largest lease deals in Broward County so far this year.

USL Cargo Services handles air and sea freight and provides storage for dry and refrigerated cargo. It was launched in 2015 when it partnered with Hong Kong-based Cargo Services Far East Limited.

Postal Center International heads to Weston

Postal Center International, a print, mail and marketing company plans to move into a 224,650-square-foot office building at 2965 West Corporate Lakes Boulevard in early summer 2019.

The company signed the lease over the summer. The landlord is Teachers Insurance and Annuity Association of America or TIAA. Build-out is expected to begin soon.

The climate-controlled building offers about 30,000 square feet of office space, 30-foot clear heights, 32 dock-high doors, two drive-in ramps and 296 parking spaces.

Emser Tile inks lease at new industrial building in Coral Springs

Over the summer, Emser Tiles inked a 215,486-square-foot lease within the Coral Springs Commerce Center for one of its new distribution centers.

The company moved in in late September, according to representative at the company. Emser has three other distribution centers in the United States.

Exeter acquired the 40-acre property last year from a Swiss manufacturing company called Hoerbiger.

Dufry signs lease for future HQ at Prologis’ Beacon Lakes

Swiss travel retailer Dufry inked the fifth largest lease deal in February when it signed a 200,000-square-foot contract at Prologis’ Beacon Lakes business park in northwest Miami-Dade County.

Dufry plans to move into its new headquarters by the first quarter of 2019. The build-to-suit warehouse space will add 40,000 square feet to the retailer’s current footprint in the area.

The 478-acre Beacon Lakes has signed on tenants such as Amazon, UPS, Ryder System, and NBCUniversal Telemundo Enterprises.

from The Real Deal Miami https://therealdeal.com/miami/2018/12/24/south-floridas-largest-industrial-leases-in-2018/ via IFTTT

#The Real Deal Miami

0 notes