News Release: Positive Activity in Opus’ Deer Valley 30 Industrial Development Continues as nbpure Purchases 66,000-Square-Foot Building

PHOENIX, July 29, 2025 – Opus today announced the sale of one of three buildings in Deer Valley 30 to nbpure, a leading manufacturer of natural vitamins and supplements. The sale comes on the heels of two significant leases in the 30-acre, three-building 356,000-square-foot speculative industrial development located at 1300 West Alameda Road in north Phoenix.

Opus announced in May that a global shipping and logistics provider had moved into 52,000 square feet of the first building of the development and that Air2O, a global leader in advanced thermal management solutions, had signed a lease for all 184,000 square feet of the second building. nbpure will relocate their manufacturing and headquarters operations from their current location, which is just one mile away, into the 66,000-square-foot third building.

“All of this positive market activity at Deer Valley 30 really affirms our belief that the Taiwan Semiconductor Manufacturing facility is an industrial growth generator in north Phoenix,” said Matt Visnansky, vice president and general manager of real estate development with Opus. “We feel very good about the interest we’ve had and continue to have in this development.”

The remaining 54,000-square-foot vacancy in Deer Valley 30’s first building offers a 32-foot clear height, 13 dock doors, 54 vehicle parking spaces and a secure truck court. The development is located near the Phoenix Deer Valley Airport and provides easy access to Interstate 17 and Loop101 and Loop 303.

Opus was the developer, design-builder and architect of record on the project, which is a joint venture with Principal Asset Management®. The project was completed in March 2024. Chris McClurg, Ken McQueen, Blake Peters and Jack Sims with Lee & Associates are marketing the remaining available space.

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.

About Principal Asset Management
With public and private market capabilities across all asset classes, Principal Asset Management and its investment specialists look at asset management through a different lens, creating solutions to help deliver client investment objectives. By applying local insights with global perspectives, Principal Asset Management identifies distinct and compelling investment opportunities for more than 1,100 institutional clients in over 80 markets. Principal Asset Management is the global investment solutions business for Principal Financial Group® (Nasdaq: PFG), managing $555.8 billion in assets(1) and recognized as a “Best Places to Work in Money Management”(2) for 12 consecutive years. Learn more at www.PrincipalAM.com.

[1] As of 31 March 2025
[2] Pensions & Investments, “The Best Places to Work in Money Management,” among companies with 1,000 or more employees, December 2024.

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