MINNEAPOLIS – Hillcrest Development LLLP (Hillcrest) and The Opus Group (Opus) announced today an agreement to develop an approximate 40-acre rail served business park located south of US Highway 61 at the northwest corner of Hemingway Ave. South and 91st Street South adjacent to Hamlet Park in Cottage Grove, Minnesota.
Plans for the site include a variety of development scenarios ranging from 425,000 to 550,000 square feet of rail served industrial space with the ability to support 38-foot clear height and outside storage.
“We are very excited to collaborate with Opus on the development of Southeast Industrial Park. Opus provides best in class excellence and expertise in industrial development. The combination of Opus and the Southeast Industrial Park is an irresistible partnership,” said Scott Tankenoff, managing partner of Hillcrest Development LLLP.
“We are thrilled to support Hillcrest Development on this exciting property in the southeast metro,” said Phil Cattanach, director, real estate development of Opus Development Company, L.L.C. “What makes this opportunity so compelling is there are very few sites that can accommodate rail service for large users at this scale in the greater metropolitan area.”
Rail service to the site is provided by Canadian Pacific with public utilities and infrastructure stubbed to the site.
Hillcrest Development LLLP has retained Colliers International to market the site. All inquiries should be directed to Eric Rossbach at 952.897.7872 or email@example.com.
About Hillcrest Development LLLP
Hillcrest Development, LLLP was founded in 1948 and is now a third generation company specializing in commercial renovation to suit our clients’ facility needs for office, hi-tech, biotechnology-medical research, light assembly, warehousing, manufacturing, and other commercial purposes. For more information, visit www.hillcrestdevelopment.com
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 healthcare, residential, office, institutional, industrial and retail 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.