Saltbox Enters Phoenix Market

Saltbox Phoenix lobby. Image courtesy of Saltbox

Saltbox has expanded its portfolio with the opening of a new co-warehousing space in Tempe, Ariz. The 110,000-square-foot facility is the company’s 12th location in the U.S. and marks its entry into the Phoenix market.

Saltbox Tempe occupies an industrial building at 910 W. Carver Road, owned by RSE Capital Partners. CommercialEdge data shows that RSE acquired the 1998-built asset last year for $10.5 million from ViaWest Group.

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The co-warehousing space comprises 65,000 square feet of flexible warehouse suits, as well as 45,000 square feet of collaboration space, conference rooms, flex storage, dock areas and photo studios. Suites range from small warehouses, starting at 70 square feet, to larger spaces for up and running businesses, beginning at 1,000 square feet. More than 70 percent of the members occupying Saltbox warehouses are e-commerce companies selling physical goods directly to consumers.

The property is 16 miles from downtown Phoenix, having access to Interstate 10. Phoenix-Mesa Gateway Airport is 23 miles away.

Saltbox’s expansions

Saltbox Tempe is the firm’s third new location for 2023. In the first two months of the year, Saltbox opened a 76,000-square-foot co-warehousing space in Greater Minneapolis and expanded its portfolio with a Miami location as well.

Since its foundation in 2019, Saltbox has opened co-warehousing facilities in several markets across the U.S. In 2022, the company doubled its network by adding new locations in Alexandria, Va., Duarte, Calif. and Carrollton, Texas, alongside a second Atlanta space. Also last year, Saltbox opened its first fulfillment hub in Dublin, Ohio.