MDH Partners has purchased roughly 41 acres in Goodyear and plans to construct a two-building speculative industrial project called Gateway 303.
CBRE represented the seller, Merit Partners, in the transaction. CBRE also assisted the buyer and will lease the project, which is expected to be delivered in late 2021.
Located at the NWC of Loop 303 and Thomas Road, Gateway 303 will be part of PV|303, a 1,600-acre master-planned business park approximately 25 miles west of downtown Phoenix. PV|303 also falls into Foreign Trade Zone #277. The project will consist of two Class A logistics facilities, both of which will have direct Loop 303 frontage with significant signage opportunities.
Building A will be 362KSF and feature 36’ clear height, 333 car parking spaces and 81 trailer parking spaces. Building B will total 239KSF with 32’ clear height, 268 car parking spaces and 43 trailer parking spaces. The buildings are designed with the structural capacity to be upfitted for solar paneling as part of MDH’s ESG initiative.
Gateway 303 will increase MDH Partners’ Phoenix portfolio to nearly 1MSF across nine buildings. The project is being designed by Butler Design Group and Hunter Engineering and will be built by ARCO Construction. (Source)