Opus Begins 224,000-SF Spec Facility

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BETHLEHEM, PA-Opus East LLC has broken ground for Bethlehem Crossings III, a 224,000-sf spec warehouse/distribution or light manufacturing facility on 17 acres. This joins two other buildings to take Bethlehem Crossings Industrial Park to an aggregate of 459,600 sf.

Craig Guers, senior vice president and general manager of the Plymouth Meeting-based office of the Opus Group, estimates the construction cost for this project at $55 per sf, which would take it to just north of $12.3 million. “That’s a 30% increase in costs over the past 18 months,” he tells GlobeSt.com. “The good news is, costs of drywall, oil-related products and scrap steel are now leveling.”