The Phoenix-based developer purchased a 33-acre parcel in theSorenson Technology Park in Salt Lake City for $3 million. OpusWest plans to build a 275,000-sf warehouse/distribution building inthe first phase of the project.

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"This will be our first spec industrial development in the SaltLake City area, and we believe the timing is right for a newproject," says David O'Donnell, senior real estate director forOpus West. "The demand for new distribution and warehouse space hasbeen very steady over the past three to four years. We think thatdemand will remain strong into the foreseeable future."

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Construction is scheduled to begin in the fourth quarter, withcompletion expected by mid-year 2001. At build-out, the projectwill have 675,000 sf of warehouse and distribution space.

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Opus West has been Phoenix's most active developer during thepast decade, building hundreds of thousands of sf of office andindustrial space throughout the metro area. But in an interviewearlier this year with GlobeSt.com, Opus West president Tom Robertssaid that the increasing competition in Arizona made theopportunities less attractive than in the past.

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While Opus West plans to continue to develop in the Phoenixarea, the company has become increasingly interested in developmentpossibilities in the California and Salt Lake City markets, Robertssaid.

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The Salt Lake City office of NAI Utah Commercial representedOpus in the land purchase.

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