The Opus Group (Opus) announced today the start of construction on a speculative Class A industrial development in St. Louis at Soulard Business Park. Construction on the 155,000-square-foot modern warehouse building is expected to be complete in the second quarter of 2020.
“We’re excited to bring a new industrial building to the City to meet the demand for tenants seeking modern industrial space. We are expecting to see interest from local, regional and national businesses looking to take advantage of this urban infill location and its close proximity to 4 major interstates,” said Ryan Carlie, Director, real estate development, at Opus. “We look forward to being part of the redevelopment effort and help bring this environmentally impacted site back into use within the community.”
The speculative industrial development will occupy approximately 8 acres and accommodate multiple tenants. The development will feature 32-foot clear height ceilings as well as 24 dedicated trailer parking stalls to suit a variety of industrial needs, including e-commerce and urban logistics users. The development also offers convenient access to major transportation routes including I-55, I-44, I-64 and I-70.
Soulard Business Park is a master redevelopment project, led by Environment Operations Inc., of a former manufacturing facility in the Soulard micro market within the City of St. Louis. The entire park has been approved for property tax abatement and is a perfect location for warehouse, industrial and office tenants.
“The transformation of this environmentally impaired site into a modern logistics and business park just outside of the downtown footprint is a great development for the City of St. Louis and is a terrific model on how underutilized properties can be put back into productive re-use,” said John J. Diehl, Jr., Director of Real Estate and General Counsel for Environmental Operations, Inc. “We are proud to have Opus join our development.”
Opus is the developer, design-builder, architect and structural engineer of record on the project. Patrick Reilly and David Branding with JLL are marketing 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, retail 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 and @theopusgroup on Instagram.