News Release: Opus’ Arcadia Development Secures Major Tenants Ahead of Completion

EDINA, Minn., July 23, 2026 – Opus today announced that Arcadia, a 118,000-square-foot Class A office building currently under construction at 5115 Eden Avenue in Edina, Minnesota, is now 71% preleased. Opus broke ground on the six-story, multi-tenant office building in September 2025. Completion is scheduled for December 2026.

Recent leasing activity includes commitments from several prominent organizations. UBS Financial Services Inc., a leading global wealth management and investment banking firm, has leased the entire fifth floor, totaling 29,126 rentable square feet. CBRE, the world’s largest commercial real estate services and investment firm, has signed a lease for 15,746 square feet on the third floor. Opus and Opus-affiliated companies will occupy 38,386 square feet, with Opus taking the entire top floor and the affiliated companies occupying a portion of the fourth floor.

“We have experienced strong leasing momentum since breaking ground on Arcadia,” said Nick Murnane, vice president and general manager of real estate development with Opus. “The commitments from industry leading organizations like UBS and CBRE reflect the continued demand for high-quality office environments. Today’s tenants are prioritizing best-in-class buildings that offer exceptional amenities, premier locations and a workplace experience that helps attract and retain talent. Arcadia delivers on all of those priorities.”

Located in Edina’s Grandview District on the former Eden 100 site, Arcadia is designed to provide a modern workplace experience with an extensive amenity package. The glass-façade building will feature a dramatic lobby with a fireplace, collaborative gathering spaces, conference rooms and a large employee training room. Additional amenities include a private tenant clubroom, a fitness center with locker rooms and showers and a landscaped outdoor terrace with fire pits, gathering areas and grilling stations. At ground level, extensive landscaping and eight-foot-wide sidewalks will create a welcoming, pedestrian-friendly environment that enhances connectivity within the district.

Opus is serving as both developer and design-builder for the project. ESG Architecture & Design is the architect of record. Leasing is being led by Joe Conzemius, Larissa Bodine, Ann Rinde and Elle Westphal of CBRE. UBS was represented in lease negotiations by Tom Tracy and John McKenna of Cushman & Wakefield, while CBRE was represented by John Ferlita and John Lorence of CBRE.

About Opus
Opus is a group of commercial real estate development, design and construction companies headquartered in Minneapolis with offices and projects across the country. Opus operates as a vertically integrated multidisciplinary team with expertise in development, capital markets, finance, project management, construction, architectural design and engineering services. Opus includes Opus Holding and its operating subsidiaries: Opus Development Company, Opus Design Build and Opus AE Group. Specializing in industrial, multifamily residential, office, retail and institutional projects, Opus offers the unique combination of a design-build project delivery approach, driven by a client-centered team of experts and backed by enduring commitment to the community. For more information, visit www.opus-group.com and follow Opus on LinkedIn and Instagram.

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