Done Deals: SIHI and Graycor Construction Begin First Phase of Four Million-Square-Foot Camelback 303

Friday, June 30, 2023

SIHI and Graycor Construction Begin First Phase of Four Million-Square-Foot Camelback 303

SIHI Camelback 303 Phase One rendering, Phoenix, AZ

GOODYEAR, AZ – 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.

Todd Holzer

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.

Rusty Martin

“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.”

Andy Markham

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.

Mike Haenel

“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.”