Minnesota-based The Opus Group says construction is underway on a massive speculative warehouse building near Indianapolis International Airport. The nearly $11 million, 433,000 square-foot project is expected to be complete in February. June 4, 2015
INDIANAPOLIS, Ind. (June 3, 2015) – The Opus Group (Opus) announced today plans for 3901 Hanna Circle at the Airport Business Centre, a 433,000-square-foot speculative industrial office and warehouse facility in Indianapolis.
“We're excited for the opportunity to develop a new industrial facility in Marion County,” said Douglas J. Swain, vice president and general manager, Opus Development Company, L.L.C. “The rare and desirable location offers many advantages to future users with close proximity to the airport and major shipping hubs, as well as to the labor pool and public transportation.”
Located off Kentucky Avenue near the intersection of I-70 and I-465, the 26.22-acre site provides easy access to major freeways and qualifies for a seven-year real estate tax abatement. Once complete, the building will be able to accommodate single- or multi-tenant occupancy and will feature 32-foot clear height, 40 loading docks with four drive-in doors, ESFR sprinkler systems, T-5 fluorescent lighting and parking for 288 cars and 63 trailers. Construction began in May 2015 and completion is scheduled for February 2016.
The building will be owned by a joint venture partnership between Opus Development Company, L.L.C. and Founders Properties, L.L.C. Opus Development Company, L.L.C. will be the project’s developer. Opus Design Build, L.L.C. will be the design-builder and Opus AE Group, L.L.C. will be the architect and engineer of record. DTZ will market the property for lease.
Opus' recent portfolio of work includes 6.8 million square feet of industrial developments currently in its pipeline or completed in the past 16 months across the United States.
About The Opus Group
The Opus Group is a family of commercial real estate development, construction and design companies headquartered in Minneapolis with offices and projects across the country. Opus operates as an integrated, multidisciplinary team with expertise in development, capital markets and finance; project management and construction; architecture, engineering and interior design. The Opus Group includes Opus Holding, L.L.C. and its operating subsidiaries: Opus Development Company, L.L.C., Opus Design Build, L.L.C. and Opus AE Group, L.L.C. Specializing in healthcare, residential, office, institutional, industrial and retail projects, The Opus Group has broad capabilities, deep experience and a proven design-build model that delivers solutions for customers on time and on budget. For more information, visit www.opus-group.com and follow @TheOpusGroup on Twitter.