By AZRE | AZ Big Media
MDH Partners has purchased roughly 41 acres in Goodyear, Ariz. for an undisclosed amount. The Atlanta-based commercial real estate development firm plans to construct a two-building speculative industrial project called Gateway 303.
Pat Feeney and Dan Calihan of CBRE represented the seller, local commercial real estate development firm Merit Partners, in the transaction. Rusty Kennedy of CBRE assisted the buyer and will lease the project, which is expected to be delivered in late 2021.
Located at the northwest corner 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 and Phoenix Sky Harbor International Airport. 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.
