Two Spec Industrial Buildings Turn Dirt Within PV 303

On behalf of Merit Partners Inc. and Lexington Realty Trust, Stevens-Leinweber Construction recently broke ground on two fully speculative industrial buildings within PV 303, a 1,600-acre industrial park in Goodyear. The new construction of Buildings 3 and 4 will total 880,000 square feet of new class-A industrial space.

This will open up a new section of PV 303 on parcels located just west of the Loop 303 between Camelback and Thomas roads. PV 303 is already home to approximately 7 million square feet of completed or under-construction industrial product.

“In just a handful of years, PV 303 has materialized into an employment and logistics hub where companies that are known by name in households around the world are generating thousands of high-paying local Phoenix jobs,” said Kevin Czerwinski, Merit Partners principal and president. “That is a point of pride for our team and something we look forward to continuing with these new buildings.”

The new PV 303 Building 3 will total 488,400 square feet and Building 4 will total 392,000 square feet. The buildings are part of the larger PV 303 industrial park, which at build-out will include more than 20 million square feet of industrial, office and retail space at the confluence of Interstate 10 and Loop 303.

Butler Design Group serves as the project architect while Pat Feeney and Danny Calihan of CBRE serve as the exclusive leasing brokers of Buildings 3 and 4.

Construction on Buildings 3 and 4 are now underway, with completion scheduled for summer 2022.