MINNEAPOLIS—The Opus Group has been one of the most active industrial developers
In the Twin Cities region, and has just launched yet another spec building. The 96,000 square-foot office and warehouse facility in suburban Plymouth is smaller than many of Opus' other projects, but it is meant to satisfy a specific demand.
“This speculative development is designed to meet the needs of tenants that require a smaller overall square footage with a higher percentage of office space,” Phil Cattanach, director, real estate development, Opus Development Co., LLC, tells GlobeSt.com. “Medical technology firms are prevalent in the Plymouth submarket and are one example of the types of tenants who may be interested in this space.”
“We worked closely with our broker contacts to identify this opportunity, and Opus has the financial wherewithal and strength to move forward on a speculative basis,” he adds. “The site is in a desirable area with limited available space and we're already seeing strong interest from potential tenants.”
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
