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New Construction Continues in Indy

Although it has seen a great deal of construction in the past few years, users still demand more space in this hot distribution center.

By Brian J. Rogal | brianjrogal | Updated on October 05, 2017

Although it has seen a great deal of construction in the past few years, users still demand more space in this hot distribution center. The Opus Group has started construction on this 495,977-square-foot speculative industrial development in Greenwood. IN, a suburb just south Indianapolis.

INDIANAPOLIS—Developers in the region around this city took a bit of a breather in 2016, but in 2017 the pace of new construction has quickened. The Opus Group just became the latest builder to take advantage of the robust demand from local users. The Minneapolis-based firm has started construction on a 495,977-square-foot speculative industrial development in Greenwood. IN, a suburb just south of the city. The project, known as Greenpointe Logistics Center and Opus’ first in the submarket, is a joint venture with Diamond Realty Investments, Inc.

“With a strong labor force in the area, this building will meet the growing demand for space, while satisfying both employees and tenants with a centrally located, modern industrial facility,” says Douglas J. Swain, vice president, real estate development, Opus Development Co., LLC.

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