The Opus Group (Opus), along with
Founders Properties, announced today plans to construct a speculative industrial development in Middletown, Ohio. Construction on the 612,730-square-foot warehouse building along the Interstate-75 corridor will begin in June, with construction slated to be complete in May 2019.
“We are excited to build on our presence in the Cincinnati market by working with the city of Middletown to bring a much-needed industrial development to the area," said Douglas J. Swain, vice president, general manager, Opus Development Company, L.L.C. “The leasing velocity in the area demonstrates continued demand for industrial space and regional distribution centers to complement the skilled workforce in the market."
The building has been granted a 15 year 100 percent real property tax abatement. The building will feature 36-foot clear height ceilings, 40 dock doors, 79 trailer positions and an additional 91 positions available for knockout panels, which provide added flexibility for tenants in the building. Additionally, 410 car parking spaces will provide ample parking for employees. The development will be ideal for one or two tenants with flexible features that cater to a range of business functions.
The project site in Middletown is located just a forty-five minute drive from either the Cincinnati International Airport or the Dayton International Airport, with direct access off Route 63, at the corner of Todhunter and Salzman Roads. With a variety of national and regional businesses in the immediate surrounding area, the region is a growing hub for e-commerce warehouses and delivery expansion.
Opus' recent portfolio of work includes more than 5.4 million square feet of industrial developments currently under construction or completed in the past 24 months across the United States. This project is the latest addition to Opus' portfolio in the Ohio market, which includes Port Union Commerce Park, a fully-leased two building industrial project that was completed in fall 2015.
Opus Development Company, L.L.C. will be the developer and Opus Design Build, L.L.C. will be the design-builder for the project. Opus AE Group, L.L.C. will be the architect of record and structural engineer of record. The project is a joint venture with Founders Properties, L.L.C. and will be marketed for lease by Norm Khoury and John Gartner with Colliers International in Cincinnati.
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 speed, cost savings and best overall value for clients. For more information, visit
www.opus-group.com and follow
@TheOpusGroup on Twitter.