Construction Begins on Deer Valley 30 Spec Industrial Development in North Phoenix

Development Positioned as a Key Supplier Site to Taiwan Semiconductor Manufacturing Co.

The Opus Group (Opus) today announced the start of construction on Deer Valley 30, a three-building speculative industrial development at 1300 West Alameda Road in north Phoenix. The project will include three buildings on 30 acres suited for warehouse and light manufacturing use. The project is near the Taiwan Semiconductor Manufacturing Co.'s (TSMC)  new chip fabrication plant in north Phoenix.

“We are excited to break ground on this state-of-the-art industrial development in Deer Valley, an area that is rapidly expanding and contributing to strong economic growth in our region," said Matt Visnansky, vice president of real estate development at Opus. “Opus also continues to expand its industrial offerings in Arizona and the greater Phoenix area, bringing needed space for distribution and manufacturing to support continued expansion of the semiconductor and electric vehicle industries."

“Arizona's commitment to business development and high-tech manufacturing has attracted major manufacturers to the state.  Additionally, the widening of the I-10 south of Phoenix toward Pinal County -- plus the momentum from the recently passed CHIPS Act -- are helping propel growth in this region," said Larry Pobuda, executive vice president and general manager at Opus.

The first building at Deer Valley 30 is 106,000 feet and can accommodate 25 dock doors, up to 133 auto parking stalls, and has a 32 -foot clear height. The second building is 184,000 square feet and can accommodate 46 dock doors, up to 210 auto parking stalls, and has a 32-foot clear height. The third building is 66,000 square feet, can accommodate eight dock doors, up to 89 auto parking stalls, and has a 28-foot clear height. Deer Valley 30 is slated for completion in October 2023.

Deer Valley 30 is a joint venture between Opus and Principal Real Estate Investors. Opus is the developer, design-builder, and architect and structural engineer of record on the project. Josh Wyss and John Pompay of Cushman & Wakefield are marketing the space for lease.

About The Opus Group
The Opus Group® is a family of commercial real estate development, construction and design companies headquartered in Minneapolis with offices and projects across the country. Opus operates as an integrated, multidisciplinary team with expertise in development, capital markets and finance; project management and construction; and architecture and engineering. The Opus Group includes Opus Holding, L.L.C. and its operating subsidiaries: Opus Development Company, L.L.C., Opus Design Build, L.L.C. and Opus AE Group, L.L.C. Specializing in industrial, office, residential, retail and institutional projects, Opus has broad capabilities, deep experience and a proven design-build model that delivers solutions for customers on time and on budget. For more information, visit www.opus-group.com and follow The Opus Group on LinkedIn and Instagram.

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