The Opus Group announced plans for a 205,000-square-foot speculative industrial facility in Olathe, Kansas. Reflecting the strength of the market, this new development will continue to expand Opus’ development presence in the Kansas City market.
Known as 56 Commerce Center, this speculative building is the first phase of a master-planned development that can accommodate up to 505,000 square feet. Located on a 53-acre site on the southeast corner of Old 56 Highway and Loan Elm Road in Olathe, 56 Commerce Center will offer convenient access to Interstate 35, as well as the I-435/I-35 interchange. Completion of the first phase of the project is slated for January 2017.
Providing future tenants with a new building option that doesn’t currently exist in the market, the first phase will consist of a rear-loaded modern office warehouse building that can accommodate multiple tenant occupancy and will feature 32-foot clear height and a truck court. Additionally, the site boundaries will offer tenants significant flexibility, allowing for extra parking and increased outside storage space as needed.
This project fulfills unmet demand for industrial development in Kansas City, where there is a strong interest from tenants looking for space in the 30,000 – 80,000-square-foot range.
56 Commerce Center will benefit users with distribution needs in the South Johnson County area following the 2013 opening of the nearby BNSF Intermodal Facility in Edgerton, Kansas. This new infrastructure coupled with strong population growth and positive industrial absorption indicates a dynamic time for commercial real estate in the region.
Opus Development Company, L.L.C. will be the developer, Opus Design Build, L.L.C. will be the design-builder and Opus AE Group, L.L.C. will be the architect and structural engineer of record. Joe Orscheln and Mike Mitchelson with CBRE will market the property for lease