Dick’s Sporting Goods Inc. Buys 60-Acre Site in PV303 Business Park in Goodyear, AZ

Dick’s Sporting Goods Inc. has completed the purchase of a 60-acre site in Goodyear to build a 600,000-square-foot fulfillment and distribution center expected to employ about 300 workers beginning in early 2013.

The sale first was reported in local real-estate publication Business Real Estate Weekly of Arizona and was confirmed Friday by a real-estate broker involved in the deal.

Dick’s, a national retail chain based outside Pittsburgh, reportedly paid about $5.8 million for the property, located inside a 1,600-acre office and light-industrial park along the Loop 303 freeway alignment, about 2 miles north of Interstate 10.

The business park is called PV303 and was developed in 2008 by SunCor Development Co.

The seller was a joint venture involving Scottsdale-based Sunbelt Holdings LLC and Dallas-based Rockpoint Group LLC.

Commercial-real-estate broker Jones Lang LaSalle of Phoenix brokered the deal.

Sunbelt and Rockpoint acquired the property as part of a $65 million portfolio of commercial-real-estate assets SunCor sold to the joint venture in 2010.

Construction on the $30 million distribution center is scheduled to begin before Jan. 1 and wrap by January 2013.

For full article in the Arizona Republic Click Here.

For Map and Global Business Parks profile of PV303 Business Park Click Here.

Leave a Reply

You must be logged in to post a comment.