Spec Development Brings Job Opportunities to City in Minnesota
With market trends indicating more speculative industrial building developments, low vacancy rates and many users looking for industrial space, Opus Development Company, L.L.C. saw the opportunity to fulfill a need in the Minneapolis market.
Opus acquired 50 acres of land for a project in Shakopee, Minn., located southwest of downtown Minneapolis. The development, known as Valley Park Business Center, includes a 200,000-square-foot spec industrial warehouse and distribution facility that is currently under construction.
The building under construction will have 32-foot clear height, 37 dock doors, two drive-in doors and almost 160 parking stalls.
The first stage of a multi-phase project, this building and subsequent developments will help transform the area into an industrial and office park, bringing additional jobs to the city of Shakopee.
Construction is slated to begin fall 2013, with the completion of the first phase scheduled for spring 2014.