CHICAGO, Ill. - Opus Development Corporation announced today the sale of Building II of the Cicero Business Center in Cicero, Ill., to Cabot Properties, Inc. for an undisclosed sum. The sale closing occurred on June 6, 2012.
Building II is a 291,814-square-foot industrial building in the Cicero Business Center, 100 percent leased by Cloverhill Pastry-Vend, LLC.
“We’re very pleased to have matched a strong tenant in Cloverhill with Cabot Properties as an institutional owner,” said Mike Yungerman, vice president, real estate development at Opus Development Corporation. “There are limited opportunities to invest in new, in-fill product in the market at this time, and we are thrilled that the sale of Building II gave Opus the chance to work with Cabot once again.
Steve Disse and Jeff Devine of Colliers International represented Opus in this transaction.
About The Opus Group
The Opus Group® is a family of national commercial real estate companies headquartered in Minneapolis, with expertise in development, project management and construction, architecture and engineering, finance, sales and leasing. The Opus Group includes Opus Holding, L.L.C. and Opus Holding, Inc. and their operating subsidiaries, Opus Development Corporation, Opus Design Build, L.L.C. and Opus AE Group, Inc. Specializing in office, industrial, retail, residential living, institutional and government 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.
Opus Development Corporation Announces Sale of Cicero Building II to Cabot Properties
