The state is seeking to put up $50 million in the new construction project, dubbed Walsh Construction, which is being built by the Walsh Construction Company in Mesa, Arizona.
Walsh Construction is located in the south-central part of the state.
The construction of the Walsh construction is a continuation of the long-running Walsh construction project in Arizona, which began in 2012 and is expected to take nearly a decade.
The project is expected at least for some time to come.
The Walsh Construction site is just north of Phoenix, and is about 10 miles (16 kilometers) from the existing Walsh construction area, according to a news release.
The new project will be a 20-acre (6.2-square-kilometer) parcel that includes the existing site and will include the Walsh-owned and operated site and adjacent structures, the release said.
The site is expected for construction to start in the fall, and the site is being leased for 20 years, the news release said, adding that the Walsh Company will provide the construction materials, equipment and services.
The project will cost about $25 million to build, and construction is expected over the next decade, the statement said.
Walsh Construction is being led by former Walsh construction president Dan Walsh, who previously worked for a large construction firm in Arizona.
The company has a history of building large-scale, high-end projects, including a $2.5 billion residential complex in downtown Phoenix, a $1.5-billion hotel project in Tempe, and a $8.5 million airport terminal in Tucson.