GOODYEAR, ARIZONA, June 28, 2023 – Leading real estate developer, manager and investor Sunbelt Investment Holdings Inc. (SIHI), along with general contractor Graycor Construction Company Inc., have debuted design plans for and started construction on Phase I of Camelback 303. The project initiates more than one-half-million square feet of fully speculative warehouse, distribution and manufacturing space within SIHI’s 4 million-square-foot Camelback 303 Class A industrial park, within the Loop 303 Corridor in Goodyear, Arizona.
Camelback 303 Phase I totals 516,320 square feet in a single cross-dock building, located on the southeast corner of Camelback Road and Pebble Creek Parkway. Features of the new building include 40’ clear height, 89 dock-high and four drive-in doors, 190’ concrete truck courts, 70’ speed bays, clerestory windows to let in natural light, storefronts at three building corners, and 421 auto and 103 trailer spaces (expandable).
Phase I is designed for use by a single tenant or is divisible to three tenants.
“We are thrilled to kick off Camelback 303. This is the first in a series of benchmarks that will ultimately deliver millions of square feet of modern, new space to Phoenix’s industrial inventory,” said Sunbelt Investment Holdings President Todd Holzer. “Industrial demand in Phoenix is still strong with wide varieties of industries growing in the metro marketplace. The Camelback 303 master plan addresses those forces, providing numerous building configurations for a full range of users looking for modern, freeway-adjacent space in an industrial park setting.”
At completion, Camelback 303 is slated for up to 16 buildings ranging from 32,400 square feet to 1.25 million square feet. The development is part of the even larger PV|303 master planned business park, totaling 1,600 acres and offering 20 million square feet of industrial, office and retail space.
Camelback 303 sits less than one-half mile from a full diamond interchange at the Loop 303 and Camelback Road. It is just three miles from the interchange of the Loop 303 and Interstate 10, in a submarket that includes corporate neighbors UPS, REI, XPO Logistics, Dick’s Sporting Goods, Ball, Wolf/SubZero, ALDI and Mercedes-Benz.
“Sunbelt is a thoughtful and strategic developer,” said Rusty Martin, Graycor Construction Company’s Southwest Division General Manager. “We appreciate our long-standing relationship with the SIHI team and welcome the opportunity to build for them. This project, in particular, is significant both for its size and its modern characteristics and advantages. It is the right product at the right time, being delivered in one of the nation’s fastest growing industrial markets.”
Construction on Camelback 303 is underway now, with completion scheduled for first quarter 2024.
The architect for Camelback 303 is Butler Design Group. Graycor Construction serves as the general contractor. Andy Markham, Mike Haenel and Phil Haenel of Cushman and Wakefield are the project’s exclusive leasing brokers. For more information visit www.sihiproperties.com.
About Sunbelt Investment Holdings
For over 40 years, Sunbelt Investment Holdings Inc. (SIHI) has maintained a well-established reputation for excellence in shaping commercial properties in the Southwest. At SIHI we take pride in our commercial real estate portfolio comprised of high-quality shopping centers and strategic land sites, many of which are shovel ready for development. Our 24 land sites cover over 2,500 acres in the Phoenix Metropolitan Area, offering opportunities for significant growth and development well into the future.
About Graycor Inc.
Graycor Inc. is a leader in managing building and interiors construction projects throughout North America. In Arizona, Graycor combines more than 35 years of local subcontractor and partner relationships with the company’s more than 100 years of national experience in the cold storage, corporate, cultural/educational, food processing, living and lodging, logistics and distribution, manufacturing and retail markets. The combination maximizes Graycor’s national presence to bring Arizona clients optimal service and product delivery. For more information, visit www.graycor.com.
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https://www.graycor.com
