IRVINE, Calif., Feb. 14, 2017 /PRNewswire/ -- Goodman Group (Goodman or Group), one of the world's largest industrial property groups, with a global network spanning 16 countries and over $25 billion (A$33 billion) of assets under management, today announces that it has preleased an additional one million square feet of logistics space to Amazon at its Goodman Commerce Center Eastvale, California.
Goodman will construct an additional one million square feet logistics center for Amazon at the Goodman Commerce Center Eastvale development. Amazon is scheduled to take occupancy of the new logistics facility in 2018. The 205 acre mixed-use development, located directly off the Cantu-Galleano Ranch Road Exit on the I-15, will offer a variety of space options, including distribution, business park, retail and medical.
Anthony Rozic, CEO of Goodman North America said: "We are delighted to build upon our long term relationship with Amazon in the United States. Our e-commerce customers require modern, flexible design solutions that cater to their diverse operational needs. Our success is based on our understanding of these needs and our track record of on-time delivery to enable the successful execution of our customers' growth strategies."
As one of the largest global industrial property groups, Goodman has world-class expertise in managing and developing logistics and warehousing solutions for a range of customers, which has provided it with a deep understanding of the unique requirements of the e-commerce sector. Goodman has developed and manages some of the largest e-commerce distribution centers around the world and this sector is one of the key growth drivers of Goodman's business.
Goodman Commerce Center Eastvale is one of a number of projects in Goodman's US$2.3 billion identified US development pipeline, which will provide 17.7 million square feet of Class A logistics space. Goodman continues to execute its US strategy, which is focused on growing its portfolio organically, targeting selective development and value add opportunities in the key logistics and industrial markets of Inland Empire, Greater Los Angeles, Northern New Jersey and Central Pennsylvania.
Over the last 18 months, Goodman has completed 3.3 million square feet of Class A development product in the Inland Empire West and Greater Los Angeles logistics markets, with a further 2.6 million square feet currently under construction. This is consistent with Goodman's ongoing commitment to servicing the needs of its global customer base through the development of modern, well-located properties for long-term ownership.
Goodman Group is an integrated property group with operations throughout Australia, New Zealand, Asia, Europe, the United Kingdom, North America and Brazil. Goodman Group, comprised of the stapled entities Goodman Limited and Goodman Industrial Trust, is the largest industrial property group listed on the Australian Securities Exchange and one of the largest listed specialist investment managers of industrial property and business space globally.
Goodman's global property expertise, integrated own+develop+manage customer service offering and significant investment management platform ensures it creates innovative property solutions that meet the individual requirements of its customers, while seeking to deliver sustainable long-term returns for its Partners.
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SOURCE Goodman Group