X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

TEMPE, AZ-Opus West, the Valley’s most active office developer of the past decade, has received design and review approval from Tempe officials to build a 100,000-sf office project in the 140-acre Emerald Center.

Opus Emerald Center will be located at the northeast corner of Interstate 10 and Warner Road. Opus West is eyeing a ground-breaking at the start of the year on the class A office building. The two-story project will be built on 25 acres that Opus purchased from the park developer, the Tait Family Trust, headed by Tom Tait.

“We think that is a great node,” Keith Earnest, senior director of real estate development tells GlobeSt.com. “The traditional office corridors are moving a little bit. We think that’s a great location for office development.”

The site is adjacent to Interstate1 0 and within 10 minutes of Sky Harbor Airport. The acreage also has all the necessary infrastructure in place to attract tenants, including fiber-optic lines and dual feed-power lines.

Tempe and Phoenix, which are on the west side of the freeway, have a stock of homes that are worthy of any business owner or upper executives, Earnest says. “You’ve got big decision makers driving into Phoenix and may like their office to be closer to home,” he says.

The Emerald Center is beginning to attract other developments, which will add more amenities to the park. Target plans to build a major center at the intersection of the freeway and Warner while a fitness center is plotting a project for 15 acres.

To date, most of Tempe’s office development has centered around the CBD, the Rio Salado Project, which is still near Downtown, or the ASU Research Park at the southwest corner of Price Freeway and Elliot Road.

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
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

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 © 2020 ALM Media Properties, LLC. All Rights Reserved.