Meagan Pick, Business Wire
MINNEAPOLIS--(BUSINESS WIRE)--Founders Properties, L.L.C. recently completed five transactions totaling more than 1.3 million square feet of office and industrial space in Ohio, Georgia and Colorado. To date in 2015, Founders Properties has completed 18 transactions totaling more than $310 million and 3.5 million square feet of office and industrial space. “We’re thrilled about these key trans...
Brian J. Rogal, GlobeSt.com
Hillwood Investment Properties, a Perot company, has just acquired Rickenbacker 8, a new 484,216 square foot class A industrial warehouse developed by the Opus Group at the Opus Business Center in suburban Groveport. Opus and Founders Properties were the sellers. The purchase was the latest move by the Dallas-based Hillwood that bolsters its presence in the expanding Midwest industrial market,...
Stan Bullard, Crain’s Cleveland Business
Piedmont Office Realty Trust (NYSE: PDM) of Atlanta, a publicly traded real estate investment trust, has exited the Northeast Ohio office market by selling the Eastpoint I and II office buildings in Mayfield Heights for $18.5 million.The new owner is an affiliate of Founders Properties LLC, a Minnetonka, Minn.-based real estate investment company. The firm is operated by Gerald Rauenhorst, the ...
Dees Stribling, Real Estate Bisnow: Charlotte
Investors nationwide have taken an interest in Charlotte, Founders Properties president Wade Lau tells us. The Minneapolis-based Wade ought to know; his company, on behalf of Founders Income Fund III, just acquired the 123k SF South Point Business Center.Charlotte's a strong location for investment due to several factors, including steady job growth and low industrial vacancy rates with high ab...
Brian J. Rogal, GlobeSt.com
*Coverage also appeared in the GlobeSt Chicago AM Alert e-newsletter on July 7, 2015The Opus Group has been one of the most active industrial developers In the Twin Cities region, and has just launched yet another spec building. The 96,000 square-foot office and warehouse facility in suburban Plymouth is smaller than many of Opus' other projects, but it is meant to satisfy a specific demand."Th...
Amy Works, REBusinessOnline
The Opus Group is developing a speculative industrial property at 3901 Hanna Circle at the Airport Business Center in Indianapolis. The industrial office and warehouse facility will feature 433,000 square feet of space. Situated on 26.2 acres, the property will feature 32-foot clear heights, 40 loading docks with four drive-in doors, ESFR sprinkler systems, T-5 fluorescent lighting and parking ...
RE Journals
The Opus Group will build the Gateway Industrial Center, a 182,000-square-foot speculative industrial office and warehouse facility in Grimes, Iowa. "We're excited to begin work on our second speculative industrial project in Iowa this year," said Jason Conway, director of real estate development for Opus Development Company. "This project is a welcome addition to the state as demand for indu...
Brian J. Rogal, GlobeSt
*Coverage also appeared in the GlobeSt National AM Alert e-newsletter and the GlobeSt Chicago AM Alert e-newsletter on May 8, 2015. Additionally, coverage was featured as a national headline on the GlobeSt homepage on May 8, 2015. Industrial development took off several years ago in many markets across the US, and has now started to spread to secondary ones that have seen little construction s...
Fox Weekly
Real estate industry professionals from Minnesota assemble a hockey game each year — to help raise money for charity. On Wednesday, the team of real estate pros had raised more than $10,000 for a local charity called "Camp Fire Minnesota". "The 16th annual Opus Cup featured two teams coached by Founders Properties CEO Wade Lau, whose team wore St. Paul Vulcans jerseys, and Excelsior Group's Ji...
Sam Black, Minneapolis/St. Paul Business Journal
*Coverage also appeared in the Minneapolis/St. Paul Business Journal Morning Edition e-newsletter on April 10, 2015. A private real estate investment fund started in 2010 by founders of The Opus Group and Best Buy Co. Inc. continues to thrive, having just closed its third, and largest, fund. Founders Properties investment group was created about five years ago by Richard Schulze, founder and f...
Eliza Theiss, Commercial Property Executive
Cushman & Wakefield | Talhimer has announced completing the sale of South Point Business Center, a 123,200-square-foot single-tenant industrial headquarters facility in Charlotte's Southwest submarket. Buyer Founders Properties paid $9.25 million for the industrial warehouse and light manufacturing complex located on South Ridge Drive. The state-of-the-art facility serves as a mission-critical...
RE Journals
The Opus Group will develop a 145,800-square-foot speculative industrial office and warehouse facility in Brooklyn Park, Minn. Located at the intersection of 85th Avenue and Wyoming Avenue North, the new building will be available for either single or multi-tenant occupancy. Construction will begin in May of this year, with completion planned for the fall of 2015. The building will be owned by...
Brian J. Rogal, GlobeSt.com
The Twin Cities metro area has one of the healthiest economies in the US, but even here the northwest suburbs have stood out as especially desirable for industrial users. The Opus Group has responded by launching the development of a 145,800-square-foot speculative industrial office and warehouse facility in suburban Brooklyn Park, its second recent spec development in the region. The metro ar...
Sam Black, Minneapolis/St. Paul Business Journal
The Opus Group is jumping into the competitive market for industrial space in the northwestern Twin Cities suburbs. Minnetonka-based Opus announced Tuesday that it will build a 145,800-square-foot speculative industrial office and warehouse facility in Brooklyn Park at the corner of Wyoming Avenue North and 85th Avenue. "This is an exciting opportunity to respond to a specific demand in the Tw...
Robert Carr, National Real Estate Investor
For the national industrial market, 2014 brought with it the welcome return of speculative development. Going forward, experts say continued demand, and the lowest vacancy rate since the turn of the century, at 7.2 percent, will keep construction cranes busy.According to a 2015 forecast from commercial real estate services firm Avison Young, many U.S. cities are reporting a significant amount o...
Brian J. Rogal, GlobeSt.com
Construction of new industrial properties has begun again in the Cincinnati region and Douglas J. Swain of Opus Development Co. tells GlobeSt.com that the area is ready for it. "The market has been extremely tight down there and we've seen very little development until now." As reported in GlobeSt.com, Opus has just started two speculative industrial buildings at Port Union Commerce Park in su...
Keith Loria, Commercial Property Executive
The Opus Group is developing two speculative industrial buildings totaling 800,000 square feet at Port Union Commerce Park in Cincinnati, on behalf of its owner, Founders Properties, L.L.C.Founders Properties had acquired two existing buildings and 46 acres at the site, and the two new buildings will be to the south of those presently standing. For the project, Opus Development Co., L.L.C. is ...
Brian J. Rogal, GlobeSt.com
The Opus Group has just started construction on two speculative industrial buildings at Port Union Commerce Park in Cincinnati's metro area. Founders Properties, LLC will own the buildings, which will sit on 46 acres and total more than 800,000-square-feet of space. The Minneapolis-based Founders recently bought the land, along with two other industrial buildings at the park in suburban Fairfie...
Chelsey Levingston, Journal-News
Construction has started on two speculative industrial buildings at a business park near the intersection of Ohio 747 and Port Union Road, according to the construction contractor and property owner.The return of speculative construction, where the owner has yet to sign leases with a business occupant, is seen by experts as a sign of a resurgent economy because of the risk to fill the space.Af...
Bowdeya Tweh, Cincinnati Enquirer
The tight market for industrial real estate has spurred Minneapolis-based real estate companies to develop two new large industrial buildings at the West Chester Township and Fairfield border. The Opus Group said Tuesday it has started construction on two industrial buildings for as-of-yet unsecured tenants at the Port Union Commerce Park. The buildings will total more than 800,000 square feet ...
