News Release: Opus Breaks Ground on Differentiated Class A Speculative Industrial Development in Chandler

CHANDLER, Ariz. – October 7, 2025 – Opus today announced that construction has started on Envision 56, a new two-building Class A speculative industrial project they are developing near the intersection of North 56th Street and West Chandler Boulevard in Chandler, Arizona. The 125,000-square-foot development offers smaller tenants the rare opportunity to move into a state-of-the-art, single-user building.

“The vast majority of new speculative industrial development in and around Phoenix has focused on large, multi-tenant buildings that are designed for larger users. Clearly there’s demand for those larger footprints, but that focus has inadvertently kept smaller users out of modern Class A space,” said Matt Visnansky, vice president and general manager of real estate development with Opus. “We’re excited to begin construction on a product that’s really geared toward those smaller users.”

Envision 56 is an eight-acre infill project within a heavy industrial section on Chandler’s west side, just blocks from Interstate 10 and Loop 202. Chandler city officials are eager to see the project advance.

"Chandler continues to attract high-quality development projects that strengthen our local economy and create opportunities for our community," said Mayor Kevin Hartke. "We appreciate Opus’ investment in Envision 56, which will transform this site into a modern industrial development that complements the surrounding area and contributes to Chandler’s long-term growth."

Micah Miranda, Chandler’s Economic Development Director, added, "Opus’ investment in Envision 56 highlights the continued demand for the West Chandler Employment Corridor. This project not only enhances the area’s industrial capacity but also reflects the City’s commitment to fostering a business-friendly environment where companies can thrive and our workforce can prosper."

The first of the two Envision 56 buildings, located at 375 North 56th Street, is 37,000 square feet with a 28-foot clear height and four dock doors. The second building, located at 385 North 56th Street, is 88,000 square feet with a 32-foot clear height and six dock doors. Each building has its own secure truck court, 2500 amps, two drive in doors, and clerestory windows. The buildings have 310 vehicle parking stalls between them, eight of which are electric vehicle ready.

Opus is the developer, design-builder and architect and structural engineer of record on the project, which is slated for completion in June 2026. Mark Krison and Luke Krison with CBRE are marketing the buildings for lease.

About Opus
Opus is a group of commercial real estate development, design and construction companies headquartered in Minneapolis with offices and projects across the country. Opus operates as a vertically integrated multidisciplinary team with expertise in development, capital markets, finance, project management, construction, architectural design and engineering services. Opus includes Opus Holding and its operating subsidiaries: Opus Development Company, Opus Design Build and Opus AE Group. Specializing in industrial, multifamily residential, office, retail and institutional projects, Opus offers the unique combination of a design-build project delivery approach, driven by a client-centered team of experts and backed by enduring commitment to the community. For more information, visit www.opus-group.com and follow Opus on LinkedIn and Instagram.

• More about Envision 56