Rendering of Camelback 303. Picture courtesy of Sunbelt Funding Holdings Inc.
Sunbelt Funding Holdings Inc., in partnership with Graycor Development Co., has damaged floor on Camelback 303, a 4 million-square-foot industrial park in Goodyear, Ariz. Development started on the challenge’s first section, a 516,320-square-foot speculative industrial constructing. Supply is anticipated within the first quarter of 2024.
At full build-out, Camelback 303 will characteristic as much as 16 buildings starting from 32,400 to 1.3 million sq. ft. The challenge is a part of the bigger 1600-acre PV|303 grasp deliberate enterprise park, which is about to incorporate as much as 20 million sq. ft of business, workplace and retail house.
READ ALSO: Why CapRock Maintains Cautiously Optimistic Outlook for Industrial Improvement
The primary constructing to be accomplished shall be a cross-dock configuration. Its options will embrace 40-foot clear heights, clerestory home windows, storefronts at three constructing corners, 89 dock-high and 4 drive-in doorways, 190-foot concrete truck courts, an ESFR sprinkler system, 103 trailer stalls and 421 parking areas.
Designed by Butler Design Group, the ability shall be obtainable for single-use or to accommodate as much as three tenants. Vice Chairmen Andy Markham and Mike Haenel, alongside Government Managing Director Phil Haenel with Cushman & Wakefield are answerable for leasing operations.
The event is taking form on the southeast nook of Camelback Highway and Pebble Creek Parkway throughout the Loop 303 Hall, 24 miles from downtown Phoenix and with entry to Interstate 10. Different industrial customers within the space embrace UPS, XPO Logistics, Dick’s Sporting Items, ALDI and Mercedes-Benz.
Phoenix nonetheless main the U.S. industrial market
Regardless of a slowdown in industrial growth resulting from rising rates of interest, Phoenix remains to be outpacing the nation, a CommercialEdge report reveals. As of Could, the metro had some 58.4 million sq. ft below development, representing 16.6 p.c of inventory.
A number of the largest tasks underway in Phoenix embrace Lincoln Property Co.’s Goodyear AirPark, a 7 million-square-foot industrial campus developed in partnership with Harvard Investments. In Mesa, Ariz., SkyPlus Developments began work on SkyBridge Arizona, a 3.8 million-square-foot challenge, adjoining to Phoenix-Mesa Gateway Airport. In the meantime, in El Mirage, Ariz., Dermody Properties broke floor on its 961-acre campus, LogistiCenter at Copperwing, set to characteristic 10 million sq. ft of distribution house at full build-out.
