1650 E. River Road
Major Target Distribution Center to be Built on Tucson’s Southeast Side
Target has now started construction on a massive distribution center, which is located north of Interstate 10 on Rita Road. The distribution center will ship online orders for Target.com, the store’s online presence. The distribution center is larger than 16 football fields, or roughly 1 million square feet. When completed (approximately two years from now), it is expected to employ hundreds of people. This is just one of many new developments validating Tucson as a destination for corporations to locate large plants and assets to the region. Target stated that Tucson’s strategic location, with access to interstate highways, railroad, and airport facilities, was a major factor in selecting Tucson AZ as the location for this huge distribution center. Hopefully, other businesses will take notice that Target (the second largest retailer in America) has selected Tucson, Arizona, as the spot for their distribution center, and will give Tucson an opportunity to provide them with as perfect a location also. This, in turn, could make Tucson, Arizona, one of the nation’s leading logistics centers.
From a real estate standpoint, as I have previously noted, more jobs — especially manufacturing/distribution jobs — equal more demand for housing. It’s just that simple. It seems as if every day brings a new company to Tucson — companies such as Pella Windows, Target, and all the new copper mines which are opening or expanding operations due to record high copper prices. In addition, the population of Tucson just keeps expanding, creating a demand for housing. Combine that with the jobs coming to town and you have a good recipe for real estate prosperity. Even though the local marketplace is in a turbulent time now, I predict that in a few years, once the market has turned around and gained ground, anyone who reads these posts will realize how great a time it was to buy property. As always, I will keep you posted on new developments in the Tucson marketplace.