Opus Development Corporation Announces Sale of Industrial Facility

DES MOINES, Iowa - Opus Development Corporation today announced the sale of an industrial facility in Des Moines, Iowa. The building was sold to HSA Commercial Inc. for an undisclosed sum.

Opus Development Corporation recently completed construction of the 300,000-square-foot industrial facility in Des Moines, Iowa, which is fully-leased to a Fortune 50 company through 2021. The build-to-suit project features 40-foot clear ceilings, 25 loading docks, parking for 150 employees and energy-efficient fluorescent lighting throughout. HSA Commercial Inc. and Opus Development Corporation closed the sale on Dec. 15, 2011 and the tenant will complete their fit-out and move-in by Feb. 1, 2012. 

“We are pleased to have closed this deal with HSA,” said Mike Yungerman, vice president, real estate development for Opus Development Corporation. “Opus and HSA have a long history of doing business together, and this transaction was a great fit for both parties and we are thrilled to have worked with their team again.”

About The Opus Group
The Opus Group™ is a family of national commercial real estate companies headquartered in Minneapolis, with expertise in development, project management and construction, architecture and engineering, finance, sales and leasing. The Opus Group includes Opus Holding, L.L.C. and Opus Holding, Inc. and their operating subsidiaries, Opus Development Corporation, Opus Design Build, L.L.C. and Opus AE Group, Inc. Specializing in office, industrial, retail, residential living, institutional and government 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.