Schnitzer Properties CEO Jordan Schnitzer credited for reviving Tucson’s manufacturing sector
Tucson, Ariz. (October 10, 2024) – Schnitzer Properties President and CEO Jordan Schnitzer received the prestigious Cornerstone Award at Sun Corridor Inc.’s Annual Luncheon. This rare award recognizes community leaders for their significant contributions to strengthening Southern Arizona’s economy.
“Jordan Schnitzer’s investment in Tucson has spurred a renaissance in the manufacturing sector,” said President and CEO of Sun Corridor Inc. Joe Snell. “When Schnitzer Properties entered the Tucson market, it was the first speculative industrial development in a decade. That success then led to multiple Schnitzer properties being built since, which has spurred more speculative industrial development from others throughout the region.”
The 74-year-old, Portland, Oregon-based company is breaking ground this year in Tucson on 334,000 square feet in new, unique industrial developments serving entrepreneurs and national companies alike. Schnitzer Properties is the only company in Tucson building new industrial developments catering to tenants seeking small or mid-sized workspaces, creating the opportunity for hundreds of new Tucson jobs.
“It is an honor to receive the Sun Corridor Cornerstone Award. We are thrilled to increase our impact with two new industrial development projects, the Drexel Commerce Center and the Corona Commerce Center,” said Schnitzer Properties President and CEO, Jordan Schnitzer. “We made our first Tucson acquisition almost ten years ago! Today, we are humbled to own and operate over 1.3 million square feet of industrial/flex buildings and have two large projects under construction to serve the Tucson community.”
Schnitzer Properties is a family-owned real estate investment and development company that is one of the Top 10 private real estate owners in the West. Founded in 1950 in Portland, Ore., Jordan Schnitzer has grown Schnitzer Properties to own and operate more than 33 million square feet of property, primarily focused on industrial spaces for small and mid-sized manufacturers, distributors, and service providers. The company manages regional offices in Seattle, Portland, the San Francisco Bay Area, Sacramento, San Diego, Phoenix, Tucson, and Las Vegas.