The Opus Group (Opus) announced today the completion of the third phase of development at Valley Park Business Center in Shakopee. Additionally, Minnesota-based Fountain Industries will be the first tenant, leasing approximately 48,000-square-feet of the 122,400-square-foot development. The project is the final phase of Opus’ development at the 50-acre site, following the completion of a 200,000-square-foot speculative development and a 216,000-square-foot build-to-suit industrial warehouse and office space for Amerisource Bergen.
“We are very pleased to bring Fountain Industries, Amerisource Bergen and other businesses to Valley Park Business Center,” said Joe Mahoney, senior manager, real estate development, Opus Development Company, L.L.C. “The leasing of this development underscores the ongoing interest for industrial space in the southwest market of the Twin Cities.”
Located southwest of Minneapolis near major state highways, the warehouse has approximately 74,000 remaining square feet available for lease. The development suits tenants who desire to be in the Shakopee submarket and are seeking functional, first generation space. The property features 28-foot clear height, along with 193 parking stalls, 24 dock doors and six drive-in doors.
Building construction of the final phase of the speculative industrial development began in July 2016. Previous phases of the Valley Park Business Center were completed in 2014 and 2015. Opus’ recent portfolio of work includes more than 6.9 million square feet of industrial developments currently under construction or completed in the past 24 months across the United States.
For over 50 years, Fountain Industries has been a designer and manufacturer of high quality, USA made parts cleaning equipment and systems. Through acquisitions and product development, the company has grown into an innovator of both solvent and environmentally friendly aqueous-based parts cleaning equipment. Its product platforms feature designs for manual, soak, agitation and spray cleaning processes.
“We are excited about our move,” said William S. Dea, Fountain Industries CEO, “We have tremendous opportunities ahead and our new facility is an important part of supporting our growth.”
Opus Development Company, L.L.C. was the developer, Opus Design Build, L.L.C. was the design-builder and Opus AE Group, L.L.C. was the architect and structural engineer of record. Bill Ritter, Ryan Kryzmarzick and Eric Rossbach with Colliers International are marketing the property for lease and Kris Smeltzer at Cushman & Wakefield | Northmarq represented Fountain Industries in the leasing of their space.
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 industrial, office, residential, retail, healthcare and institutional 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.