Dollar Tree is the latest national retailer with plans to set up distribution operations in the West Valley after purchasing a 1.25 million square-foot industrial building in Glendale.
The Virginia-based company acquired one of the buildings at Park303 from Lincoln Property Company for $147,066,005 on Sept. 30.
Dollar Tree is using the space to set up a regional distribution center which will be its first facility of that kind in metro Phoenix. The retailer owns all its international distribution centers – with 16 in the U.S. and two in Canada, according to its most recent quarterly filing.
Read more of this story from the Business Journal.
