The Opus Group, a family of commercial real estate development, construction and design companies headquartered in Minneapolis, will be building two new industrial warehouses in West Chester and Fairfield, Ohio. The company has not disclosed the cost of the projects, but it is likely a more than $15 million development.
In an exclusive Cincinnati Business Courier article, Andy Finn, vice president of acquisitions and investments for Founders Properties LLC, which will own the properties, said both buildings will break ground soon, and neither has a signed tenant, yet. "There's just not a whole lot of options if you're 75,000, 100,000 square feet and want to move into brand-new class A space," Finn told the paper. Founders Properties also purchased the two existing building in Port Union Commerce Park.
According to the report, Opus Group will provide construction and development services for the project. The nearly 548,000-square-foot industrial building will be located at 4350 Port Union Road in West Chester, while the 260,000-square-foot building will be located at 4250 Port Union Road in Fairfield. Finn expects both buildings to break ground soon and be delivered by late summer or early fall 2015.
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