{"id":1004633917,"date":"2022-12-06T06:19:46","date_gmt":"2022-12-06T14:19:46","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004633917"},"modified":"2022-12-09T02:56:49","modified_gmt":"2022-12-09T10:56:49","slug":"opus-group-jv-breaks-ground-on-phoenix-project","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/opus-group-jv-breaks-ground-on-phoenix-project\/","title":{"rendered":"Opus Group JV Breaks Ground on Phoenix Project"},"content":{"rendered":"
\"\"<\/a>

Rendering of Deer Valley 30. Image courtesy of The Opus Group<\/p><\/div>\n

The Opus Group<\/strong>, in a joint venture with Principal Real Estate Investors<\/strong>, has broken ground on Deer Valley 30, a three-building, 356,000-square-foot speculative industrial project in Phoenix. Opus serves as developer, design-builder, architect and structural engineer. Completion is expected in October 2023.<\/p>\n

The industrial campus will take shape on a 30-acre site located less than 10 miles from Taiwan Semiconductor Manufacturing Co.\u2019s chip fabrication plant.<\/a> The $12 billion project will include six factories, with the first manufacturing facility to become operational in 2024.<\/p>\n

\n

READ ALSO:<\/strong> Top 5 Markets for Industrial Construction Activity<\/a><\/p>\n

\n

At full build-out, Deer Valley 30 will comprise two warehouses of 106,000 and 184,000 square feet, respectively, with 32-foot clear heights. The third building, at 66,000 square feet, will have a 28-foot clear height. The property will feature a total of 79 dock doors and up to 432 parking stalls.\u00a0Managing Director Josh Wyss and Senior Director John Pompay of Cushman & Wakefield<\/strong> oversee all leasing activity at the site.<\/p>\n

Opus Group and Principal Real Estate have previously partnered this year for the development of a 3.9 million-square-foot industrial park in Aurora<\/a>, Colo. The first phase of the project is slated for completion in late 2023.<\/p>\n

Phoenix’s growing industrial market<\/h2>\n

The project will come online at 1300 W. Alameda Road, 21 miles from downtown Phoenix, with access to Interstate 17. The location is roughly 3 miles from\u00a0another industrial development taking shape near Deer Valley Airport, the 3 million-square-foot Mack Innovation Park Deer Valley<\/a>.<\/p>\n

A CommercialEdge report shows that, as of October, Phoenix boasted the largest industrial pipeline<\/a> in relation to existing stock in the U.S. The metro had 46.6 million square feet under construction, representing 15.6 percent of stock.<\/p>\n","protected":false},"excerpt":{"rendered":"

The three-building industrial campus is slated for completion in late 2023.<\/p>\n","protected":false},"author":2829,"featured_media":1004633918,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21748,21742,1601,15],"tags":[32799,33706,33142],"class_list":["post-1004633917","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-industrial","category-latest","category-phoenix","category-west","tag-cushman-wakefield","tag-principal-real-estate-investors","tag-the-opus-group"],"acf":[],"yoast_head":"\nOpus Group JV Breaks Ground on Phoenix Project - CPE<\/title>\n<meta name=\"description\" content=\"The Opus Group and Principal Real Estate Investors broke ground on Deer Valley 30, a speculative industrial development in Phoenix.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/opus-group-jv-breaks-ground-on-phoenix-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Opus Group JV Breaks Ground on Phoenix Project\" \/>\n<meta property=\"og:description\" content=\"The Opus Group and Principal Real Estate Investors broke ground on Deer Valley 30, a speculative industrial development in Phoenix.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/opus-group-jv-breaks-ground-on-phoenix-project\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-06T14:19:46+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T10:56:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/12\/Deer-Valley-30-rendering-e1670322995712.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"963\" \/>\n\t<meta property=\"og:image:height\" content=\"723\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Madalina Pojoga\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/opus-group-jv-breaks-ground-on-phoenix-project\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/opus-group-jv-breaks-ground-on-phoenix-project\/\",\"name\":\"Opus Group JV Breaks Ground on Phoenix Project - CPE\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/opus-group-jv-breaks-ground-on-phoenix-project\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/opus-group-jv-breaks-ground-on-phoenix-project\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/12\/Deer-Valley-30-rendering-e1670322995712.jpg\",\"datePublished\":\"2022-12-06T14:19:46+00:00\",\"dateModified\":\"2022-12-09T10:56:49+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/7ced0369df035c845a1e5d647c62dd7a\"},\"description\":\"The Opus Group and Principal Real Estate Investors broke ground on Deer Valley 30, a speculative industrial development in Phoenix.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/opus-group-jv-breaks-ground-on-phoenix-project\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/opus-group-jv-breaks-ground-on-phoenix-project\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/opus-group-jv-breaks-ground-on-phoenix-project\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/12\/Deer-Valley-30-rendering-e1670322995712.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/12\/Deer-Valley-30-rendering-e1670322995712.jpg\",\"width\":963,\"height\":723,\"caption\":\"Rendering of Deer Valley 30. 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