By CBREย
MDH Partnersโฏhas purchased roughly 41 acres in Goodyearย andย plans to construct a two-building speculative industrial project calledย Gateway 303.ย
CBREย represented the seller,ย Merit Partners, in the transaction.ย CBREย alsoย assisted the buyer and will lease the project, which is expected to be delivered in late 2021.ย
Located at theย NWCย of Loop 303 and Thomas Road, Gateway 303 will be part ofย PV|303, a 1,600-acre master-planned business parkย approximately 25 miles west of downtownย 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.ย
Building A will be 362KSFย and feature 36โ clear height, 333 car parking spaces and 81 trailer parking spaces. Building B will total 239KSFย with 32โ 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 ofย MDHโs ESG initiative.ย
Gateway 303 will increase MDH Partnersโ Phoenix portfolio to nearlyย 1MSFย across nine buildings. The project is being designed byย Butler Design Groupย andย Hunter Engineeringย and will be built byย ARCO Construction.ย (Source)ย
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