The Opus Group (Opus) and
USAA Real Estate announced today that a 423,726-square-foot industrial warehouse located at 10 Falcon Court is fully leased to Expeditors International, a logistics company that specializes in warehousing and distribution services.
“Our team looks forward to serving Expeditor's growth and building out a space that meets their needs now and in the future," said Mike Yungerman, vice president, general manager, Opus Development Company, L.L.C. “This was one of the only industrial buildings larger than 200,000 square feet in the submarket to meet their distribution demands."
Situated on 35 acres of land near the Elgin O'Hare Expressway, the tenant will have convenient access to Interstates 390, 355 and 294 and to O'Hare International Airport. The building will feature 32-foot clear height, 48 exterior truck docks, up to 55 trailer parking stalls and 193 parking spaces. The build out is slated for completion in fall 2018.
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. Opus also worked with USAA Real Estate on the successful
I-88 Gateway Logistics Center located in North Aurora.
Opus Design Build, L.L.C. was the design-builder for this development and is completing the build out for Expeditors International. Opus AE Group, L.L.C. was the architect and engineer of record while a joint venture between Opus Development Company, L.L.C. and USAA Real Estate own the building. Doug Pilcher, Jason West and Sean Henrick represented the tenant in leasing the space. David Prell and Kevin Segerson of CBRE represented the landlord.
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 speed, cost savings and best overall value for clients. For more information, visit www.opus-group.com and follow @TheOpusGroup on Twitter.
About USAA Real Estate
USAA Real Estate, with over $20 billion in assets under management, provides co-investment, acquisition, build-to-suit and development services for corporate and institutional investors and arranges commercial mortgage loans on behalf of affiliates. The portfolio consists of office, industrial/logistics, multifamily, retail and hospitality properties. USAA Real Estate is a subsidiary of USAA, a leading financial services company, serving military families since 1922. For more information, please visit www.usrealco.com.