The Opus Group (Opus) announced today the start of construction on Winchester Logistics Park, a two-building speculative industrial development in Canal Winchester, Ohio. Construction on a 258,000-square-foot mid-size and a 556,000-square-foot larger cross-dock building is expected to be complete in the summer of 2020.
“By working closely with the city of Canal Winchester, we were able to bring the first buildings of this kind to a growing community and active submarket for modern distribution," said
Douglas Swain, vice president and general manager at Opus. “This prime location takes advantage of the city's many amenities and is in close proximity to the regional expressway system while offering access to a strong, stable labor pool."
Located in the southeast side of Columbus, Winchester Logistics Park offers convenient access to the area's major transportation routes including U.S. Highway 33, I-270 beltway and I-70. Additionally, the development is adjacent to numerous amenities including shopping centers, restaurants and banks, and will include a walking path that leads directly to the nearby shopping center. With several features such as build-to-suit office space, 32-36-foot clear heights, LED lighting and ample auto and trailer parking, Winchester Logistics Park will be able to accommodate a variety of industrial users once complete.
Opus is the developer, design-builder, and architect and engineer of record. This project is a joint venture with New York-based AIG Global Real Estate, the real estate equity investment arm of insurer American International Group, Inc. (AIG) and First National Bank of Omaha provided financing for the project. Brian Marsh and Dan Wendorf with JLL will market the project for lease.
About The Opus Group
The Opus Group® is a family of commercial real estate development, construction and design companies headquartered in Minneapolis with offices and projects across the country. Opus operates as an integrated, multidisciplinary team with expertise in development, capital markets and finance; project management and construction; architecture, engineering and interior design. The Opus Group includes Opus Holding, L.L.C. and its operating subsidiaries: Opus Development Company, L.L.C., Opus Design Build, L.L.C. and Opus AE Group, L.L.C. Specializing in industrial, office, residential, student living, senior living, institutional and retail projects, The Opus Group has broad capabilities, deep experience and a proven design-build model that delivers solutions for customers on time and on budget. For more information, visit www.opus-group.com and follow @TheOpusGroup on Twitter and @theopusgroup on Instagram.