CHICAGO – The Opus Group (Opus) announced today a land sale and contract for a 23,400-square-foot warehouse and office facility at the Oakview Corporate Park in West Dundee. Designed for oelheld U.S. Inc. (oelheld), a German-based company that develops state-of-the-art cutting, grinding and water-soluble cooling and lubricating fluids for use in the tool and gear making industries, the space will serve as the company’s new U.S. headquarters and manufacturing site.
“We are thrilled to welcome oelheld to the Oakview Corporate Park and to collaborate with a company rich in history that continues to be on the leading edge of fluid technologies,” said Matt Bratzke, director, project management, Opus Design Build, L.L.C. “Our unique design-build delivery process allows for continuous client input throughout the project, which will ultimately result in a customized facility designed to meet oelheld’s very specific business needs.”
The building will include 7,600 square feet of office space and 15,800 square feet of warehouse space with the ability to accommodate future expansion up to 16,000 square feet. Given oelheld’s needs as a leading lubricant manufacturer, the space will be highly-specialized to support the company’s commitment to environmental protection and research in fluid technologies. The new facility will include both an interior and exterior spill containment system to ensure that any spilled fluids can be controlled for cleanup, and a new laboratory will allow them to conduct the needed research to meet the ever-changing and increasing demands of their clients.
“Opus has been great to work with as we customize the new building,” said Stephan Hecht, executive vice president, oelheld U.S. Inc. “Oelheld U.S. Inc. quickly captured the American market with its revolutionary line-up of synthetic metal working fluids. Today clients from the tool-making, automotive, medical and aircraft industries rely on oelheld products. In a short seven years oelheld outgrew their original facility and was looking for a competent partner in constructing a new facility. Oelheld was looking for a great location, aesthetics in architecture and functionality for its production. Opus delivered on all counts.”
The project is slated for completion in December 2016. Opus Design Build, L.L.C. will be the design-builder and Opus AE Group, L.L.C. will be the architect and structural engineer of record. Noel Liston of Darwin Realty represented Opus Development Company, L.L.C. and Ed Lowenbaum and Jason Talanian represented oelheld in the transaction.
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.