The Opus Group (Opus) announced today that the recently completed speculative warehouse and distribution building at its Goodyear Crossing Industrial Park in Goodyear, Arizona, is 100 percent leased to a national pet food producer. The company will occupy the entire 540,000-square-foot development on a long-term basis, representing the largest industrial lease in greater Phoenix this year.
“We are pleased to have been able to provide a newly constructed, state-of-the-art facility solution to meet the needs of the tenant's rapidly expanding operations in the west," said Sean Cummings, vice president, real estate development, Opus Development Company, L.L.C. “This best-in-class company is exactly the kind we want to anchor our business park. Planning for the next phase of development is already underway, and we look forward to supporting the city's growth and helping it attract new companies to the community."
With 6,000 square feet of office space, auto and excess trailer parking as well as racking throughout the building to store food grade product, the warehouse and distribution center will service the tenant's operations throughout the Western United States and Asia. Once operational later this fall, the warehouse will support up to 60 jobs in the market. Opus will be completing the tenant improvements before the company moves into the space.
Goodyear Crossing Industrial Park is located in the rapidly expanding 303 Corridor, which offers tenants easy freight distribution access throughout the region via the interstate system, particularly Interstate 10. Additionally, the park is the largest rail-served, shovel-ready site inside the Loop 303. The park houses a number of commercial and industrial sites with notable tenants including Macy's and Amazon.
“We're excited to have such a great tenant joining the Goodyear community and growing 303 Corridor," said Mayor Georgia Lord. “The Goodyear Crossing Industrial Park is a perfect location for this new tenant's expanding operation."
Opus' recent portfolio of work includes more than 6.9 million square feet of industrial developments currently under construction or completed in the past 24 months across the United States.
Opus Development Company, L.L.C. was the developer. Opus Design Build, L.L.C. was the design-builder and Opus AE Group, L.L.C. was the architect and structural engineer of record. Anthony Lydon, Marc Hertzberg and Pat Harlan at JLL marketed the property for lease, while Tyson Vallenari and Andy Markham at Cushman & Wakefield represented the tenant. Additionally, Greater Phoenix Economic Council, Phoenix's leading economic development organization, aided in the transaction.
About The Opus Group
The Opus Group® is a family of commercial real estate development, construction and design companies headquartered in Minneapolis with offices and projects across the country. Opus operates as an integrated, multidisciplinary team with expertise in development, capital markets and finance; project management and construction; architecture, engineering and interior design. The Opus Group includes Opus Holding, L.L.C. and its operating subsidiaries: Opus Development Company, L.L.C., Opus Design Build, L.L.C. and Opus AE Group, L.L.C. Specializing in industrial, office, residential, retail, healthcare and institutional projects, The Opus Group has broad capabilities, deep experience and a proven design-build model that delivers solutions for customers on time and on budget. For more information, visit www.opus-group.com and follow @TheOpusGroup on Twitter.