Rendering of Deer Valley 30. Picture courtesy of The Opus Group
The Opus Group, in a three way partnership with Principal Actual Property Traders, has damaged floor on Deer Valley 30, a three-building, 356,000-square-foot speculative industrial mission in Phoenix. Opus serves as developer, design-builder, architect and structural engineer. Completion is anticipated in October 2023.
The economic campus will take form on a 30-acre website situated lower than 10 miles from Taiwan Semiconductor Manufacturing Co.’s chip fabrication plant. The $12 billion mission will embody six factories, with the primary manufacturing facility to turn into operational in 2024.
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At full build-out, Deer Valley 30 will comprise two warehouses of 106,000 and 184,000 sq. ft, respectively, with 32-foot clear heights. The third constructing, at 66,000 sq. ft, may have a 28-foot clear top. The property will function a complete of 79 dock doorways and as much as 432 parking stalls. Managing Director Josh Wyss and Senior Director John Pompay of Cushman & Wakefield oversee all leasing exercise on the website.
Opus Group and Principal Actual Property have beforehand partnered this yr for the event of a 3.9 million-square-foot industrial park in Aurora, Colo. The primary part of the mission is slated for completion in late 2023.
Phoenix’s rising industrial market
The mission will come on-line at 1300 W. Alameda Street, 21 miles from downtown Phoenix, with entry to Interstate 17. The placement is roughly 3 miles from one other industrial growth taking form close to Deer Valley Airport, the three million-square-foot Mack Innovation Park Deer Valley.
A CommercialEdge report exhibits that, as of October, Phoenix boasted the biggest industrial pipeline in relation to current inventory within the U.S. The metro had 46.6 million sq. ft underneath development, representing 15.6 % of inventory.
