MINNEAPOLIS – The Opus Group (Opus) announced today the start of construction on a 122,400-square-foot speculative industrial development in the Valley Park Business Center in Shakopee. The project is the final phase of Opus’ development at the 50-acre site, following the recent completion of a 200,000-square-foot speculative development and a 216,000-square-foot build-to-suit industrial warehouse and office space for AmerisourceBergen.
“We are thrilled to advance our work on this site with this great offering for small to mid-size users,” said Joe Mahoney, senior manager, real estate development, Opus Development Company, L.L.C. “The high-level of interest we’ve already received for this project confirm the depth of the market and the need for space like this.”
Located southwest of Minneapolis near major state highways, the development will suit tenants who desire to be in the Shakopee submarket but do not have bulk distribution needs. The industrial building will be able to accommodate users ranging from 20,000 – 122,000 square feet. The property will feature 28-foot clear height, along with 193 parking stalls, 24 dock doors and six drive-in doors.
Completion of the project is slated for late 2016. Opus’ recent portfolio of work includes 8.2 million square feet of industrial developments currently in its pipeline or completed in the past 24 months across the United States.
Opus Development Company, L.L.C. is the developer, Opus Design Build, L.L.C. is the design-builder and Opus AE Group, L.L.C. is the architect and structural engineer of record. Bill Ritter, Ryan Kryzmarzick and Eric Rossbach with Colliers International 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 www.opus-group.com and follow @TheOpusGroup on Twitter.