Building B, at seven stories and 260,000 sf, was completed in June and is being fully leased to Cargill for rates that are close to $16 to $17 per sf. In February of this year, IVG Institutional Funds GmbH bought the facility from Opus, before completion, for about $50.3 million.

Cargill also plans to lease the 268,000-sf Building A that's now under construction by Opus. "It got a little goofy, us completing Building B before Building A," says Tom Shaver, VP for real estate for Opus. He says Opus will likely sell Building A as well, and hopes to get more than $50 million for it.

In another twist, Cargill bought the property for Building C, and is having Opus build the facility that Cargill will own. Shaver says it's likely that the third building will be worth the same as what IVG paid, and that the complex is worth more than $150 million. "I don't' know if Cargill will sell Building C when it's complete," he says. "I know they're moving up their plans. Building C had a projected completion date of 2013, and now they're asking us to deliver by March 2010."