Tag Archives: Phoenix market

Arizona’s GDP growth ranks No. 6 nationally

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According to the U.S. Bureau of Economic Analysis, Arizona ranked No. 6 nationally for annual gross domestic product (GDP) growth in the first quarter of 2016, ahead of California, Nevada and Texas.

Arizona’s GDP growth of 2.6… Read More

JLL closes largest Valley lease deal since 2011

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TuesdayMorningThe Dallas-based upscale discount retailer, Tuesday Morning is renting 593,600 square feet of space from Liberty Property Trust at 563 S. 63rd Ave. near 67th Avenue and Buckeye Road. Managing Directors Marc Hertzberg and Anthony Lydon from the JLL Phoenix office represented Liberty Property Trust in the transaction and weighed in on why Phoenix was such an attractive market during the southwest regional search.

Lower cost of operating—As Tuesday Morning completed its search, Reno and the Inland Empire were also top location options. However, the lower cost of operating Phoenix offered made our market extremely attractive. In addition, Phoenix is still within close proximity to California ports.… Read More