The Opus Group (Opus) announced today the start of construction on a
two-building industrial development totaling 264,000 square feet, located in Denver's southeast submarket in the Dove Valley Business Park. The development is the result of a joint venture between Opus and USAA Real Estate.
“We are thrilled to be part of USAA Real Estate's first industrial venture in the greater Denver area," said Sean Cummings, vice president of real estate development at Opus. “By combining our expertise and resources, we will both be able to further expand into the market and meet the demand of tenants in numerous industries with varied uses, including industrial, e-commerce, aerospace, manufacturing, food service, and more."
The land, situated at the southwest corner of S. Potomac St. and S. Chambers Rd., was purchased by Opus in June of 2019 and the project is expected to be complete by spring of next year. The development will provide convenient access to nearby freeways including I-25 via Arapahoe Rd., E-470 and I-225 via Highway 83. The site offers unique topography, providing users of the western building expansive and unobstructed views of the Rocky Mountains. The eastern building will be 117,000 square feet with 28-foot clear height, and the western building will be 147,000 square feet with 30-foot clear height. The project also offers abundant auto parking and an efficient shared truck court.
The Opus Group is the developer, design-builder and the architect and structural engineer of record. Doug Viseur and Todd Witty from CBRE 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.
About USAA Real Estate
USAA Real Estate provides co-investment, acquisition, build-to-suit and development services for corporate and institutional investors and arranges commercial mortgage loans on behalf of affiliates. The portfolio consists of office, industrial/logistics, multifamily, retail and hotel properties. USAA Real Estate is a subsidiary of USAA, a leading financial services company, serving military families since 1922. For more information, visit www.usrealco.com.