PV|303: The Rising Hub for Business Expansion in the U.S.
SubZero’s 690,000-sq.-ft. manufacturing and distribution facility includes a 250,000-sq.-ft. expansion.
PV|303, a 1,600-acre master planned business park home to internationally recognized corporate users has emerged as one of the fastest growing development zones in the western U.S. and offers companies strategic access to major ports and rail systems, designated foreign trade zone benefits, shovel-ready sites, spec building, and a high-profile location along two major transportation corridors.
The business park is strategically situated to serve key western U.S. markets such as the Ports of Long Beach; Los Angeles and San Diego, Calif.; El Paso, Texas; and Las Vegas, Nev. The unique location provides a high-speed route into and out of the area, bypassing metro area traffic congestion, making it an ideal location for companies that transport large volumes of merchandise intra- and inter-state.
PV|303 approved Foreign Trade Zone (Magnet Size #277) status on portions of the master plan provide special customs procedures to U.S. plants engaged in international trade-related activities, making it an attractive opportunity for major companies, offering benefits including reduce tax assessments, lower operating costs, reduced supply chain time, and improved cash flow.
“PV|303 is a rising hub for business expansion in the western United States,” says Sean Walters, COO of Sunbelt Holdings, developer of PV|303. “The business park offers companies a high profile location, shovel-ready sites, infrastructure, incentives, deep and highly-qualified labor pools, unmatched amenities and business-friendly policies.”
Additionally, a talented, deep and productive workforce lives in the immediate metropolitan area, while freeways put PV|303 within an hour of all 3.8 million workers. In fact, CNBC ranked Arizona’s workforce higher than any other state in the U.S. in terms of training, quality and availability of workers while maintaining one of the lowest costs for labor in the nation. Arizona also boasts the lowest unemployment insurance tax in the nation, as well as its status as a right-to-work state. What’s more, the area offers fast-track permitting — 90 days or less throughout the region.
The city of Goodyear, where PV|303 resides alone boasts a diverse population. More than 85% of heads of households are college-educated and 56 percent have college degrees. And the workforce is growing; with approximately 4.6 million people, greater Phoenix’s population is expected to nearly double in the next two decades.
The park is surrounded by a deep pool of quality amenities that contribute to the overall convenience and attractiveness of PV|303’s location for businesses, including diverse residential housing, hotels and resorts, restaurants, shopping, golf courses and spring training major league baseball park facilities.
Major corporate users are already taking advantage of all PV|303 has to offer. The park features a 690,000-sq.-ft. SubZero manufacturing and distribution facility, which includes a recent 250,000-sq.-ft. footprint expansion resulting from the success with the facility. Additionally, the park includes a 720,000-sq.-ft. Dicks Sporting Goods’ western United States distribution center.
REI Inc., the internationally recognized recreation retailer purchased 34 acres within the park in 2015 and began construction on a 400,000-sq.-ft. state-of-the-art omni-channel facility that will service the western U.S. The property was recently completed and will be fully operational in August 2016.
Most recently, Chicago-based First Industrial Realty Trust, Inc. purchased a 74-acre land site within the PV|303 business park and started construction of a 618,000-sq.-ft. spec building that is expandable to over one million square feet of state-of-the-art industrial product. This project is envisioned to attract major users actively looking in the market.
At final buildout, PV|303 will be one of the largest business parks in the southwest and will include over 20 million square feet of office, retail, and industrial space.
REI, Inc.’s 400,000-sq.-ft. state-of-the-art omni-channel facility was recently completed and will be fully operational by late summer.
PV|303: Arizona's Rising Hub
Connect to Major Markets Around the World in the Quad Cities
Aaron Tennant, CEO, Simplex Leasing, Inc.
The Quad Cities region’s location along the Mississippi River in the U.S. heartland has long been leveraged for the warehousing and distribution of goods. The region is served by 20 interstates and federal and state highways, over 200 motor carriers and 60 truck terminals, three Class 1 railways and 1 short line railroad, 40 public and private barge terminals, one international airport and seven general aviation airports. Location on the Mississippi River offers convenient water access to the Gulf of Mexico, Great Lakes and foreign ports.
“Truck drivers are within a one-day drive to a majority of the nation’s population, as well as parts of Canada,” says Aaron Tennant, CEO, Simplex Leasing, Inc. “Transportation and logistics companies in the Quad Cities have access to markets like Chicago, Minneapolis, St. Paul, St. Louis, Des Moines, Omaha, Kansas City, and Indianapolis. We deal with manufacturers that haul a lot of freight, and the Quad Cities is a great relay point because this region has excellent infrastructure in place. In addition, operation costs here are more reasonable than in larger cities.”
Quad Cities Logistics Network Serves the U.S. Army
The logistics network in the Quad Cities serves global firms like Deere & Company, Alcoa, and Kraft Heinz, as well as the Rock Island Arsenal (RIA), a critical part of the U.S. Army’s global distribution network. The Army Sustainment Command (ASC), headquartered on the RIA, serves as the Army’s central hub for logistics services; anything a soldier touches across the world is handled in the Quad Cities at ASC.
A Growing Logistics Industry Workforce
All of this is supported by a labor force of 588,000 people, with over 150,000 people employed in the logistics industry. The region offers multiple workforce development opportunities within the logistics industry, with training programs offered by Black Hawk College, Eastern Iowa Community Colleges, Midwest Technical Institute, and Western Illinois University – Quad Cities.