The Opus Group (Opus) announced today Staging Concepts and its sister company SC Railing Company as the first tenants at the completed 169 Business Center in Brooklyn Park. Together, Staging Concepts and SC Railing Company will occupy 65,000 square feet of the 145,800-square-foot development.
“We are delighted to welcome Staging Concepts and SC Railing Company as the first tenants at 169 Business Center and provide the companies with a highly functional space to meet their manufacturing needs,” said Joe Mahoney, senior manager, real estate development, Opus Development Company, L.L.C. “The leasing of this space underscores the desire for quality first-generation space that is well located, and we continue to see an increase in interest from the market in industrial buildings.”
Located at the intersection of 85th Avenue and Wyoming Avenue North, the building offers prime highway access and meets the demand for space resulting from the sector’s low vacancy rates. The development offers 24-foot clear height, access to Highway 169 and County Road 81 and desirable area amenities for employees.
“We are excited to further expand our operations in the Twin Cities metro area as we continue to grow our footprint in the performance staging and architectural railing markets,” said Chad Benning, director of operations, Staging Concepts. “The added space will allow us to amplify our production throughput and increase office space needed to accommodate our growing team.”
Staging Concepts leads the industry in portable staging equipment. The company has provided advanced, modular custom staging solutions for venues of all sizes in the industry since 1990. SC Railing Company is a leading national provider of decorative railing systems.
Staging Concepts will use the building as an additional facility to the company’s existing headquarters in Minneapolis. SC Railing will use a small portion of the facility to store finished goods and perform a portion of railing fabrication. Based on the unique needs of each business, Opus Design Build, L.L.C. worked with Staging Concepts and SC Railing Company to update the building for optimal functionality. Up to 70 percent of the space will be used for manufacturing with the balance reserved for employee office space.
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.
169 Business Center is owned in a joint venture partnership between Opus Development Company, L.L.C. and Founders Properties, L.L.C. Opus Development Company, L.L.C. was the developer, Opus Design Build, L.L.C. was the design-builder and led the tenant improvement work, and Opus AE Group, L.L.C. was the architect and structural engineer of record and the interior designer for the project. Jason Meyer, Brent Masica and Kris Smeltzer at Cushman & Wakefield | NorthMarq marketed the property for lease and Tim Carlson at Cresa represented Staging Concepts and SC Railing Company.
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 solutions for customers on time and on budget. For more information, visit www.opus-group.com and follow @TheOpusGroup on Twitter.
About Founders Properties, L.L.C.
Founders Properties, L.L.C. is a privately held commercial real estate investment company headquartered in Minneapolis with a focus on investing in stable office and industrial properties. Founders’ provides a full-suite of services, including acquisition, financing, asset and investment management for institutions, family offices and high-net-worth clients. Founders Properties, which traces its roots to 1997, is sponsored by Richard M. Schulze, founder of Best Buy Co., and the Rauenhorst family, owners of The Opus Group®, a family of commercial real estate companies. For additional information, visit www.foundersproperties.com.