MINNEAPOLIS – The Opus Group announced today the start of construction on an approximately 200,000-square-foot speculative industrial warehouse and distribution facility in Shakopee, Minn.
Located with convenient access to Highway 169 and Highway 101, this construction marks the start of phase 1 at the future Valley Park Business Center.
“It’s great to see this project break ground and we’re confident in our timing from the activity we’ve seen in the industrial sector during the past year,” said Dave Menke, executive vice president of Opus Development Company, L.L.C. “There is limited new industrial product coming on line in the Twin Cities market, so this building and future phases will help fill a void in the area.”
Building features include 32-foot clear height, 37 dock doors, two drive-in doors and approximately 160 parking stalls. The facility is slated for completion in spring 2014.
Opus Development Company, L.L.C. is the developer, Opus Design Build, L.L.C. is the design-builder and Opus AE Group, L.L.C. is the architect and engineer.
About The Opus Group
The Opus Group®is a family of commercial real estate 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.