Search
 

Opus Tackles 250,000-SF Cotton Center Office Project

PHOENIX-Opus West plans a September closing on 10 acres, with an equally sized, abutting parcel under contract to seed a 250,000-sf office project. Opus Cotton Center should break ground in October and deliver 118,000 sf in the first phase by May 2002.

By D.J. Burrough | Updated on July 19, 2001

PHOENIX-One of the Valley’s most active developers plans to build a 250,000-sf office project, Opus Cotton Center, near Sky Harbor Airport. Opus West Corp. is in escrow on a 10-acre parcel in the Cotton Center, a 281-acre business park at the southwest corner of 48th Street and Broadway Road. The purchase, which totals $3.5 million for the 10 acres, is set to close in September. The parcel is on the park’s north side.

Opus’ first phase will bring flexible office buildings of 66,000 sf and 53,000 sf, Keith Earnest, a senior director of real estate development, tells GlobeSt.com. Construction is set to begin in October, with an opening by May 2002.

“There are just several amenities that are in place and that are coming that are attracting people to the Cotton Center,” Earnest says. “It’s near the airport and adjacent to transportation. And, being in the middle of town is a big consideration.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.