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Opus Unloads Mesa Industrial for $36M

The Opus Group sold a 146,107-square-foot industrial building in Mesa to an entity affiliated with New York-based Lexin Capital for $36 million. The building at 3115 N. Higley Rd. was built in 2017 within Longbow Business Park and Golf Club.

The property sits on 10 acres and comes with an additional nearly 18.6-acres of vacant land. The site includes plans for three additional proposed industrial buildings, one totaling nearly 81,000 square feet with six dock high doors, two grade doors and 126 parking spaces.

Another building would span 114,760 square feet with 12 dock high doors, six grade doors and 164 parking spaces. The fourth building would cover nearly 16,000 square feet with one grade door and 56 parking spaces.

Hartford Investment Management provided $21,600,000 in new debt for the deal.

Longbow Business Park & Golf Club is a 315-acre master planned retail, industrial, office, hospitality and residential development surrounding the Longbow Golf Club.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Development
  • ◦Sale/Acquisition
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