The Opus Group® Announces Plans for 1.2 Million-Square-Foot Industrial Warehouse in Joliet, Illinois


​The Opus Group (Opus) announced today plans to construct a 1.2 million-square-foot speculative industrial warehouse in the I-80 submarket of Chicago. The project will be located in Joliet, near the intersection of U.S. Route 6 and Hollywood Road, on 75 acres of land that Opus purchased from Ketone Partners. The development will be a joint venture with AEW Capital Management, L.P. on behalf of one of its institutional separate account clients (AEW).

“After months of planning, we’re excited to begin construction for the Joliet project and to partner with AEW,” said Mike Yungerman, vice president, real estate development, Opus Development Company, L.L.C. “Opus has deep expertise in industrial developments and that, combined with understanding the individual needs of markets, has resulted in the completion of many successful speculative projects of all sizes regionally and across the country.”

The building will feature 36-foot clear height, more than 200 loading docks, up to 450 trailer positions, parking for 225 cars with room for expansion and an ESFR (Early Suppression Fast Response) sprinkler system. The facility is located less than one mile away from I-80 and will provide easy access to the interstate via the Houbolt Road interchange.

“Our Joliet project is a great example of how months of hard work and creative thinking can transform a piece of ground into a successful real estate development,” said Kyle Schuhmacher, president, Ketone Partners. “We assembled a great team of engineers and subcontractors that helped turn the site challenges into opportunities.”

The speculative building will be able to accommodate a single user or up to two tenants of 500,000 square feet or greater, and will be ideal for users in the e-commerce and intermodal logistics industries. Construction of the facility is scheduled to begin spring 2017 with a formal groundbreaking ceremony taking place in May. The project is slated for completion in summer 2018.

Opus’ recent portfolio of work includes more than 6.9 million square feet of industrial developments currently under construction or completed in the past 24 months across the United States, including the Paragon Business Park in nearby Romeoville. Beyond this recent work in the sector, Opus’ local work includes an additional 1.8 million square feet of distribution space at nearby Minooka Ridge.

Opus Development Company, L.L.C. will be the developer, Opus Design Build, L.L.C. will be the design-builder and Opus AE Group, L.L.C. will be the architect and structural engineer of record. NAI Hiffman represented Ketone Partners in the sale of the land and Eric Tresslar and Steve Connolly of NAI Hiffman will market the property 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, retail, healthcare and institutional 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 and follow @TheOpusGroup on Twitter.

About AEW Capital Management

Founded in 1981, AEW Capital Management, L.P. (AEW) provides real estate investment management services to investors worldwide.  One of the world’s leading real estate investment advisors, AEW and its affiliates manage over $63 billion of property and securities in North America, Europe and Asia (as of December 31, 2016).  Grounded in research and experienced in the complexities of the real estate and capital markets, AEW actively manages portfolios in both the public and private property markets and across the risk/return spectrum.  AEW and its affiliates have offices in Boston, Los Angeles, London, Paris, Dusseldorf, Hong Kong, Singapore, and Sydney as well as additional offices in nine European cities.  For more information please visit