Opus Development Corporation Announces Sale of Airwest Building 9


INDIANAPOLIS, Ind. - Opus Development Corporation announced today the sale of Airwest Building 9 at Plainfield Business Center at Airwest in Plainfield, Ind., to Founders Fund I, LLP for an undisclosed sum, with the sale closing on April 18, 2011.

Airwest 9 is a 481,976-square-foot, multi-tenant industrial building in the Plainfield Business Center at Airwest, which is located adjacent to Interstate 70, just west of the Indianapolis International Airport. Completed in 2008, Airwest 9 is one of 13 buildings Opus has developed within the business park, encompassing 6 million square feet. The building is 100 percent leased by Brightpoint, Inc. and Sara Lee Corporation. Opus owns additional land within the park to accommodate future development opportunities.  

"We're very pleased to have been able to lease the building to such strong tenants as Brightpoint and Sara Lee. This transaction reflects the continued strength of the Indianapolis distribution market," said John Cumming, vice president and general manager for Opus Development Corporation. "Opus has a long history in Indiana and continues to look for new opportunities to fulfill development and construction needs for established or new business to the state."

Dave Watson, VP-Acquisitions of Founders Properties, LLC represented the purchaser in this direct transaction.  

About The Opus Group
The Opus Group™ is a family of national commercial real estate companies headquartered in Minneapolis, with expertise in development, project management and construction, architecture and engineering, finance, sales and leasing. The Opus Group includes Opus Holding, L.L.C. and Opus Holding, Inc. and their operating subsidiaries, Opus Development Corporation, Opus Design Build, L.L.C. and Opus AE Group, Inc. Specializing in office, industrial, retail, residential living, institutional and government 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.

About Founders Properties
Headquartered in Minneapolis, Founders Properties is a privately held company formed by two highly regarded industry veterans, Best Buy Founder Richard M. Schulze and Opus Founder Gerald Rauenhorst. The company provides a full range of acquisition, financing, asset management and investment services for high-net-worth investors, continuing the legacy of sponsoring private real estate investments first started in 1997. Founders Properties leverages a wide array of long standing relationships to oversee investment management, property management, leasing, construction, and risk management on a national basis. For more information, visit www.foundersproperties.com.