Construction Begins on Speculative Industrial Development in Des Moines

The Opus Group (Opus) announced today the start of construction on Northridge 80|35, a speculative 60-acre industrial development in Des Moines, Iowa. The first phase of the industrial park will include two buildings, designed to accommodate a wide range of uses, including logistics, distribution, e-commerce and manufacturing. The site is master-planned for up to one million square feet of warehouse space.

Opus is developing the site for Jerry's Enterprises, Inc., the Edina, Minn.-based company whose holdings include supermarkets, convenience stores and other retail properties and brands.

Northridge 80|35 is located at the intersection of Interstates 80 and 35, providing tenants with interstate visibility and easy access to both East-West and North-South trucking routes. It is on the northwest corner of Northeast 14th Street and East Broadway Avenue. The land was once home to the Capitol Drive-In Theatre and was the proposed site for the NorthRidge Mall in the 1980s. Jerry's Enterprises purchased the property in 1999.

“Opus is excited to work with Jerry's Enterprises to bring new industrial space to the Des Moines area that can serve a wide variety of distribution and manufacturing needs in a market with very low industrial vacancy rates," said Jason Conway, senior director of real estate development at Opus. “Northridge 80|35 is located at a prime crossroads of the United States for delivering goods from coast to coast."

“We are pleased to be partnering with Opus on the development of this unique parcel," said Ben Schultes, vice president of finance for Jerry's Enterprises. “We believe the Opus integrated design-build approach will deliver high-quality industrial buildings suited for a wide range of industrial uses."

The initial phase of the development includes two speculative warehouse buildings. The 164,000-square-foot building will offer 17 dock doors expandable up to 39, four drive-in doors and 101 parking stalls. The 186,300-square-foot building will offer 21 dock doors expandable up to 50, four drive-in doors and 121 parking stalls. Both buildings will feature 32-foot clear height, superior dock flexibility, ESFR sprinkler systems and clerestory windows that allow natural daylight to enter the space for energy reduction and an enhanced employee experience.

The buildings will be ready for occupancy in third quarter 2022.

Opus is the developer, design-builder, and architect and structural engineer of record. Jerry's Enterprises, Inc., will own the buildings. Snyder & Associates is the civil engineer. Chris Pendroy and Bill Wright of CBRE-Hubbell Commercial, along with Jack Tornquist of CBRE's Minneapolis/St. Paul office, are currently marketing the buildings for lease.

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; and architecture and engineering. 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 and institutional projects, Opus 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 The Opus Group on LinkedIn and Instagram.

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