CHICAGO, Ill. - The Opus Group announced today that Opus Development Company, L.L.C. has completed the sale of Building I located at 1330 S 54th Ave in Cicero, Ill., for an undisclosed sum. The sale closing occurred on Feb. 19, 2013.
Building I is a 260,725-square-foot industrial building in the Cicero Business Center. The neighboring Building II was sold to Cabot Properties, Inc. in 2012 and is 100 percent leased by Cloverhill Pastry-Vend, LLC.
“The Cicero Business Center development offers a Class A product only five miles from downtown, which is not easy to find, ” said Mike Yungerman, vice president, real estate development at Opus Development Company, L.L.C. “The overall market is continuing to see good activity and positive absorption, especially in infill locations.”
Jason West and Sean Henrick of Cushman & Wakefield 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 its operating subsidiaries; Opus Development Company, L.L.C., Opus Design Build, L.L.C. and Opus AE Group, L.L.C. 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.
The Opus Group® Announces Sale of Cicero Building I
