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| Kevin Czerwinski |
GOODYEAR, AZ, Dec.
8, 2021 – On behalf of Merit Partners Inc. and Lexington
Realty Trust, an industrial-focused publicly traded
real estate investment trust, Stevens-Leinweber Construction has
broken ground on two fully speculative industrial buildings within PV 303, a
1,600-acre industrial park in Goodyear, Arizona.
Called Buildings 3 and 4, the new construction
will total 880,000 square feet of new Class A industrial space – opening 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.
Within this inventory, Stevens-Leinweber
Construction (SLC) has completed buildings for companies including Boeing/XPO,
Ball Manufacturing, HD Supply and XPO/Abercrombie and Fitch.
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| Erik Powell |
SLC is
currently under construction on an additional 802,000-square-foot shell
building for Merit Partners, also located within PV 303.
Additional tenants within the industrial park
include Dick’s Sporting Goods, REI, SubZero, Daimler and Fairlife.
“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 Merit Partners Principal and President Kevin
Czerwinski.
“That is a point of pride for our team and
something we look forward to continuing with these new buildings. We are
excited to partner with Lexington Realty Trust and Stevens-Leinweber on this
project.”
“The mix of companies that have located within
PV 303 is exceptional,” said Stevens-Leinweber Construction Vice President Erik
Powell.
“It is a testament to the quality and care
that Merit puts into the master-planning of its parks. We appreciate the
opportunity we’ve had to be a part of so many of these buildings.”
The new PV 303 Building 3 will total 488,400
square feet and Building 4 will total 392,000 square feet. Both will feature
40’ clear height, cross dock configuration with trailer parking on both sides
and 190’ truck yards.
They 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 located at the confluence of Interstate 10
and Loop 303.
At Buildings 3 and 4, Butler Design Group
serves as the project architect. Pat Feeney and Danny Calihan of CBRE serve as
the exclusive leasing brokers.
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| Patrick (Pat) Feeney Jr. |
Construction on Buildings 3 and 4 are underway
now, with completion scheduled for Summer 2022.
For more information on PV 303, please visit www.meritpartnersinc.com.
About Merit Partners
Merit Partners, Inc. is a Phoenix based real
estate development firm primarily focused on the industrial sector.
Since 2010, Merit Partner’s, Inc. has overseen
the ground up development of over 10 million square feet of industrial product
in the Phoenix metro area comprising well over $1 billion of property value.
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| Danny Calihan |
About Stevens Leinweber Construction, Inc.
Stevens-Leinweber Construction (SLC) is one of
the Valley’s most active ground-up and tenant improvement contractors,
providing both general contracting and design-build services to SLC clients
across the office, industrial, retail and mixed-use sectors.
Respected by architects, designers, owners and
developers, the company is selected time and again to complete some of the
Valley’s most prominent projects. Over its 40-year history, SLC has completed
more than 8,500 projects in the Phoenix metro area.
CONTACT:
Stacey Hershauer
stacey@focusaz.com
480.600.0195
www.meritpartnersinc.com.
