MINNEAPOLIS – The Opus Group (Opus) announced today plans for a 96,000-square-foot speculative industrial office and warehouse facility in Plymouth, Minnesota. Construction is slated to begin early this month.
“This project emerged from the great partnerships we have in the brokerage community,” said Phil Cattanach, director, real estate development, Opus Development Company, L.L.C. “We worked closely with our broker contacts to identify this opportunity, and Opus has the financial wherewithal and strength to move forward on a speculative basis. The site is in a desirable area with limited available space and we’re already seeing strong interest from potential tenants.”
Located on one of the last available sites for ground-up development in the area offering convenient access to Interstate 494 from Highway 55, the building will be designed for multi-tenant occupancy and will feature 24-foot clear height with high-end exterior finishing complementary to the existing buildings in the Plymouth Business Center. Additional features include the ability to accommodate users requesting a higher percentage of office space, ESFR sprinkler systems, five loading docks and parking for 204 cars. The building will be ready for tenant occupancy by January 2016.
Opus’ recent portfolio of work includes 6.8 million square feet of industrial developments currently in its pipeline or completed in the past 17 months across the United States.
The building will be owned by a joint venture partnership between Opus Development Company, L.L.C. and Founders Properties, L.L.C. Opus Development Company, L.L.C. will be the developer. Opus Design Build, L.L.C. will be the design-builder and Opus AE Group, L.L.C. will be the architect and engineer of record. Matt Oelschlager with CBRE (952-924-4848 or matt.oelschlager@cbre.com) 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 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.