DES MOINES, IA—Everyone who follows the US industrial market knows it has been setting records for absorption and new construction. But what they might not know is that the robust demand is firing up the markets in smaller secondary cities as well as the big distribution regions. The Opus Group has recently launched several class A industrial facilities in Des Moines, for example, and has quickly found tenants to occupy the spaces.
This week the Minneapolis-based developer leased the majority of the space at its first building at the new Corporate Woods Industrial Park in Ankeny, IA, a Des Moines suburb. Columbus-based Power Distributors will lease nearly 70% of the 208,000-square-foot speculative industrial warehouse.
“Des Moines is very well positioned from a distribution perspective,” Jason Conway, director, real estate development, Opus Development Co., LLC, tells GlobeSt.com. Situated on 52 acres of land, immediately adjacent to I-35 and just one mile north of I-80, trucks leaving the industrial park can quickly reach vast stretches of the US.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
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.
