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 its wholly owned North American subsidiary, Goodman Birtcher has secured a long-term lease with Amazon for a one million square feet logistics center at its Goodman Commerce Center Eastvale, California.
The facility is the first of two buildings which will comprise a two million square foot distribution campus and is being constructed by Goodman Birtcher as part of its overall Goodman Commerce Center Eastvale development. This new 205 acre mixed-use development, which is 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.
Brandon Birtcher, CEO of Goodman Birtcher said: "We are delighted to complete this leasing deal with Amazon and welcome them to Goodman Commerce Center Eastvale. Amazon found our state-of-the-art logistics center a good match for its operational requirements."
As one of the largest global industrial property groups, Goodman has world-class expertise in managing and developing tailored logistics and warehousing solutions for a range of customers, which has provided it with a deep understanding of the unique requirements of the ecommerce sector. Goodman has developed and manages some of the largest ecommerce distribution centres around the world and this sector is one of the key drivers of Goodman's business.
"Ecommerce logistics requires strategic locations with innovative design to help our customers efficiently process, sort and distribute goods to their demanding online customers," said Greg Goodman, Group CEO of Goodman Group "As a leader in ecommerce logistics design, Goodman is distinguished by its property management services, enabling customers to modify and upgrade the property to stay competitive in a fast-moving industry."
The new lease reflects the strong customer enquiry for Class A space being experienced in the Inland Empire market and as a result, Goodman Birtcher will shortly commence the development of the second 1 million square foot logistics center at Goodman Commerce Center Eastvale.
Goodman Commerce Center Eastvale is one of a number of projects in Goodman Birtcher's US$2.3 billion identified US development pipeline, which will provide 17.7 million square feet of Class A logistics space. Goodman Birtcher 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 12 months, Goodman Birtcher 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.
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About Goodman Birtcher
Goodman Birtcher is a wholly owned subsidiary of Goodman Group, established in June 2012 and includes the former business of Birtcher Development and Investments. The North American Headquarters are located in Irvine, California with a regional office in Allentown, Pennsylvania.
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, Goodman Industrial Trust and Goodman Logistics (HK) Limited, is the largest industrial property group listed on the Australian Securities Exchange and one of the largest listed specialist fund managers of industrial property and business space globally.
Goodman's global property expertise, integrated own+develop+manage customer service offering and significant fund management platform ensures it creates innovative property solutions that meet the individual requirements of its customers, while seeking to deliver long-term returns for investors.