Opus North Corporation Sells Oakwood Crossings Industrial Building
CHICAGO, Ill. – July 19, 2010 – (RealEstateRama) — Opus North Corporation has announced that CenterPoint Properties Trust has purchased a 139,726-square-foot light industrial building at its Oakwood Crossings Business Center I in Oak Creek, Wisc. The newly constructed facility sold for $8.7 million.
Jed Degnan, investment officer, and Chad Vande Zande, senior vice president of CenterPoint Properties Trust negotiated the transaction on behalf of the purchaser, with Dave Everson of Opus North negotiating the transaction on behalf of the seller.
According to Mike Yungerman, vice president of real estate development for Rosemont, Ill.-based Opus North, this latest deal underscores the value and need for industrial development in highly accessible locations.
“We are pleased we could deliver such a product to meet CenterPoint Properties Trust’s investment goals,” said Yungerman. “Oakwood Crossings is in a very accessible location within close proximity of the airport and the state lines of Wisconsin and Illinois, which is one of the reasons our long term-tenant, Yaskawa America, Inc., selected the site, too.”
Oakwood Crossings Business Center I was designed by Opus Architects & Engineers. It features 26-foot clear heights, an ESFR sprinkler system, 2 drive-in doors and 14 fully equipped truck docks.
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About Opus North Corporation
Opus North, Corp., is a full-service design-build commercial real estate development firm with expertise in office, industrial, retail, multifamily, government and institutional projects. By leveraging internal real estate, architecture, engineering and construction resources, Opus consistently yields significant value to clients in terms of project timeline, quality and budget. Opus North has developed more than 315 projects totaling more than 49 million square feet of space since starting operations in 1972. Committed to creating great real estate, Opus implements best practices in sustainable design and construction to maximize building performance and reduce environmental impact. For more information, visit www.opuscorp.com and follow us on www.twitter.com/opuscorp
