The Opus Group (Opus) announced today plans for a master-planned industrial development located on 96 acres at the Goodyear Crossing Industrial Park in Goodyear. Construction on the first phase, a 540,000-square-foot cross-docked speculative industrial building, is expected to start early 2017.
“We’re thrilled to bring this next generation development to an industrial park that has quick access to major interchanges,” said Sean Cummings, vice president, Opus Development Company, L.L.C. “The Goodyear Crossing Industrial Park offers users the opportunity to do business in an established business park, anchored by notable tenants including Amazon and Macy’s. This first phase of this project will be a strong addition to the park and provide tenants with unique building attributes rarely offered in the submarket.”
The 540,000-square-foot building, with expansion capability to over 1.1 million square feet, will be one of two buildings in the submarket that have at least 500,000 square feet of available space with 36-foot clear heights to serve larger tenants. The first phase of development will offer flexible configurations, accommodating up to four tenants of 100,000 square feet or more and the ability to include office areas in all four corners of the building. The building will include 7-inch slabs, 100 percent concrete, fully-secured truck courts, 289 automobile stalls and 115 excess trailer parking stalls and will also be HVAC-ready with R-39 insulation under the roof. Additionally, the building is being designed to achieve LEED certification.
The site is located along Cotton Lane, which is a part of the future expansion of Loop 303, and is approximately three miles from Interstate 10. Adjacent to a Union Pacific railroad, the land is one of the largest rail-served sites in southwest Phoenix. Additionally, a Foreign Trade Zone magnet designation is in place, providing benefits that allow for the efficient distribution of goods, including reduced duty fees, increased security, reduced supply chain time and up to a 72 percent reduction in both personal and real property taxes.
Opus’ recent portfolio of work includes nearly 6.3 million square feet of industrial developments currently under construction or completed in the past 24 months across the United States, including the nearby Opus Airport Industrial in Phoenix.
Completion for the first phase of this project is slated for fall 2017. Opus Development Company, L.L.C. will be the developer, Opus Design Build, L.L.C. will be the design-builder and Opus AE Group, L.L.C. is the architect and structural engineer of record. Anthony Lydon, Marc Hertzberg and Pat Harlan of JLL will market the property for lease.
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.