By Roland Murphy for Arizona Builder’s Exchange
Earlier this week The Opus Group announced plans to develop a master-planned industrial park on 96 acres in the Goodyear Crossing Industrial Park. The first phase, a 540KSF industrial building, is planned to commence early next year and be finished in September.
The company is undertaking the project, with the potential to eventually build out to more than 1.1MSF, as a speculative venture.
The proposed 540KSF building will offer flexible configurations and is planned to accommodate up to four tenants with at least 100KSF each and the potential for office space in each of the building’s four corners.
Components include seven-inch slabs, 100 percent concrete, secured truck courts, 289 automobile stalls and 115 trailer parking stalls. The building will be HVAC-ready and designed and built for LEED certification. It will be one of only two buildings of more than 500KSF in the immediate area with 36-foot clear heights.
Nationwide, Opus’ recent portfolio includes roughly 6.3MSF of industrial projects either under construction or sold in the past two years. The company entered the Phoenix-area market with a flourish in January when it announced plans for a 393KSF spec warehouse project – Opus Airport Industrial – near Sky Harbor. The company announced the completion and $32.7M sale of that facility in November.
The Goodyear facility is located along the planned Loop 303 future expansion route and will be one of the largest rail-served sites in the area. A magnet designation for a Foreign Trade Zone is in place that will provide distribution enhancements and tax breaks.
In announcing plans for the Goodyear projects, Sean Cummings, vice president of Opus Development Company, L.L.C., said, “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.”