The Irvine office of Phoenix-based Opus West Corp. is considering building three large warehouses in a move that would mark the first development geared to big industrial tenants in Orange County since the start of the decade.
The $60 million project, called the Anaheim Freeway Technology Park, would total more than 420,000 square feet.
The Anaheim site is a former automobile battery plant at 1201 Magnolia Ave. It’s near the intersection of the San Diego (I-5) and Riverside (91) freeways.
Opus West is in talks to buy the land from auto parts supplier Delphi Corp., which is in bankruptcy reorganization.
A completion date for the deal hasn’t been set. The closing depends on the bankruptcy court handling the Delphi land sale, according to Paul Marshall, vice president for Opus West in Irvine.
Troy, Mich.-based Delphi is the largest of several auto parts suppliers to file for bankruptcy in the past year.
The Anaheim Freeway Technology Park would be smaller than the massive distri-bution centers being built in the Inland Empire.
But it still would be a big deal for OC, where developers largely have shied away from single-tenant buildings of 100,000 square feet or more because of land costs.
For more on this story, see the Jan. 9 edition of the Business Journal.