Robust Industrial Market Likely To Extend Into 2018

February 14, 2017

Robust Industrial Market Likely To Extend Into 2018

CHICAGO—Opus has just opened another spec project in the Chicago area, and after quickly finding a long-term tenant, company officials say the market has a lot of running room.

February 10, 2017 | by BRIAN J. ROGAL | GlobeSt.com

The building is the last remaining site within the Carlow Corporate Center and sits just a half mile north of the full interchange at I-55 and Weber Rd. It was completed in November 2016 and Computershare was fully operational in the space before the end of the year.

CHICAGO—Officials from The Opus Group say they recently completed 1325 Remington, a 112,049-square-foot speculative warehouse and office building in suburban Bolingbrook. Additionally, Computershare, a global provider of financial and shareholder communication services, has signed a long-term lease agreement as the building’s first tenant – leasing 44,357 square feet of the space.

The Minneapolis-based Opus has been remarkably active in the Chicago region. As reported in GlobeSt.com, it just unveiled plans to construct a 111,345-square-foot speculative industrial development at the company’s Paragon Business Park in Romeoville, part of the I-55 submarket and just south of Bolingbrook. Opus already finished and sold two other speculative industrial developments at Paragon in 2016.

Read Full Article Here

Go Back
Ramón A. Rivera-Ramos
Blue Vault Nontraded REIT and Nontraded BDC Reviews
September 1, 2016

Blue Vault helps me to stay well informed on the financial status of both open and closed nontraded REITs and BDCs, so that I can help my clients better understand the product, before they make the decision to invest and after.