The Opus Group® Announces Plans for Speculative Industrial Building at Opus Business Center at Rickenbacker

5/27/2014
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​INDIANAPOLIS – The Opus Group (Opus) announced today plans for a 484,216-square-foot speculative industrial warehouse building at Opus Business Center at Rickenbacker in Groveport, Ohio. Construction for Building 8 began this month.

“Low vacancy rates and steady demand in the Columbus industrial market are creating a need for new large, flexible industrial spaces,” said Douglas J. Swain, vice president and general manager of Opus Development Company, L.L.C. “We are excited to build upon our prior success by developing Building 8 in a prime location for a modern bulk distribution center.”

Located on 28.74 acres, the building will accommodate parking for 200 cars and 50 trucks with room to add additional parking. The building also features a 32-foot clear height and 2,500 square feet of office space, which will be constructed with the shell allowing for quick tenant occupancy. Situated in a Community Reinvestment Area, Building 8 will qualify for 100 percent real property tax abatement for 15 years.

Opus has developed seven industrial buildings at Opus Business Center at Rickenbacker totaling 3.6 million square feet. Building 8 is scheduled for completion in November 2014.

Opus Business Center at Rickenbacker 8 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.

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; sales and leasing. 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 office, industrial, retail, institutional, residential 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 and follow @TheOpusGroup on Twitter.

About Founders Properties, L.L.C.
Founders Properties, L.L.C., is a provider of commercial real estate investments and management services on behalf of high-net-worth clients, and focuses on leasing, acquisition, disposition and financial services of commercial real estate investments. 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. For additional information, please visit www.foundersproperties.com.