Opus Plans 1.4M Sq. Ft. of Spec Industrial Projects
Opus East LLC has purchased 95 acres of land in Bethlehem, Pa., and Mercer County, N.J., to build1.4 million sq. ft. of warehouse space. Construction is scheduled to begin in the third quarter of this year and the first quarter of 2004, respectively. Combined land acquisition and project development costs for the two sites are estimated to exceed $55 million.
In Bethelehm, Opus acquired two contiguous parcels totaling 43 acres from Lehigh Valley Industrial Holdings and Jozef Atlas. No purchase price was disclosed. Opus plans to build three warehouse-distribution buildings averaging approximately 235,000 sq. ft. The building is scheduled for occupancy in the second quarter of 2004.
In Mercer County, Opus purchased 52 acres from a private landowner, and will build a 700,000 sq. ft. warehouse on the site that is expected to be available in the third quarter of 2004.
Acceptable Use Policy blog comments powered by Disqus
Want to use this article? Click here for options!
© 2012 Penton Media Inc.
advertisement
Photo Galleries
Hudson Yards Development
Check out images for Coach's new global headquarters, which will anchor the initial tower of the Eastern Rail Yards site within the 26-acre mixed-use Hudson Yards Development on Manhattan's far West Side.
Outstanding Women in Commercial Real Estate
From housing low-income families in Southern California to closing some of Manhattan's largest office leases, women leaders are using commercial real estate as a platform to reshape communities while they drive investor returns.
Click here to view more photo galleries.
Videos
2012 MBA CREF/Multifamily Housing Convention & Expo Video Blogs
Check out the Vlogs from the 2012 MBA CREF/Multifamily Housing Convention & Expo from JLL...
Click here to view more videos.
advertisement
Blogs
|
Traffic Court |
|
BlackSwan |
This Week's Most Popular
Current Issue
|
|







