Gavilon World Headquarters Sold

OMAHA—The Opus Group recently completed the construction of a $44 million, 128,000-square-foot build-to-suit world headquarters for Gavilon, the Omaha-based commodities trader. But Gavilon also decided it did not want to own the property, which has just been sold to Lexington Realty Trust, a New York-based single-tenant REIT.

“It’s great for Gavilon because it allows them to deploy capital into their core business, which is more profitable,” says Marshall Burton, executive vice president of Minneapolis-based Opus Development Company, LLC. The sale closed on Dec. 30 and is the sixth transaction of this type between Opus and Lexington. Last year, for example, Lexington purchased the just-completed 168,000-square-foot build-to-suit worldwide headquarters for TriZetto Corp., in Englewood, CO.