First and largest speculative development in London
London, Canada (November 3,2006) - O.R.E. today conducted a groundbreaking ceremony to kick-off the development of 700,000 square feet of prestigious industrial facilities at Highbury Business Park, the first O.R.E. speculative development in London. The business park will be comprised of two multi-tenant buildings. Located on Max Brose Drive, the property is along the South side of Highway 401, southeast of the Highway 401 and Highbury Avenue interchange.
The two buildings at Highbury Business Park will be built on 32 acres. Building 1 will consist of 566,430 square feet featuring 30' clear height, parking for 275 automobiles, 55 truck level doors, 4 drive-in doors and 194 trailer parking spaces. The building is designed to accommodate up to six tenants, features an ESFR sprinkler system and is powered with a 3000 amp 3471600 volt electrical service. The building will be heated with gas fired unit heaters and the facades will be constructed with insulated flexwall precast panels.
The second building will consist of 129,386 square feet, is designed to accommodate a single tenant and is currently available for sale or lease. The building features a 1200 amp 3471600 volt electrical service, 24' clear height, parking for 60 automobiles, 11 truck level doors and one drive in door.
"Highbury Business Park is in a strategic location midway between Detroit and Toronto," said Michael Hanna, VP and General Manager of O.R.E. Development Corporation. "The centrally located site will attract automotive part suppliers and warehouse distribution users who want to service the southern Ontario and US markets."
"We are delighted to welcome 0.R.E to London and are confident the company will thrive in The Forest City". said London Mayor, Anne Marie DeCicco - Best. "This significant investment reinforces the merit of our industrial land development strategy in successfully attracting new enterprises and creating new jobs for our community."
The City of London plans to improve and extend roads and municipal services along Global Drive to
accommodate the Highbury Business Park. O.R.E. donated 4.72 acres of wet lands from the development property to the City of London.
"This development of a spec building will enhance our ability to attract new companies and will provide valuable marketing opportunities for the City," said John Kime, President and CEO of the London Economic Development Corporation. "It demonstrates the faith that O.R.E. has in the potential for growth in London."
andy Fisher, Chris Harris and Larin Shouldice of CB Richard Ellis will represent O.R.E. in leasing transactions. The Highbury Business Park was designed by O.R.E. Architects, Inc. and will be built by 0.R.E Development Corporation. Construction will begin in December 2006 and completion is scheduled for fall 2007.
O.R.E. - O.R.E. Development is a member of the Minneapolis-based Opus Group, which is composed of vertically integrated full-service companies with offices in 27 U.S. cities. O.R.E. offers the benefits of local expertise, as well as national capabilities through its U.S. affiliate. For more information, visit www.oredevelopment.com.
The Opus Group, based in Minneapolis, is a $1.4 billion premier, full-service real estate development company with nearly 55 years experience. Specializing in office, industrial, retail, multifamily, government and institutional development, The Opus Group has completed more than 2,300 projects and 227 million square feet and currently has 35 million square feet in planning or development. Opus employs 1,600 people in 28 offices in the United States and Canada. A community steward since its inception, The Opus Group contributes 10 percent of its pre-tax profits to community organizations. For more information, visit www.ovuscorp.com.
London, Canada (November 3,2006) - O.R.E. today conducted a groundbreaking ceremony to kick-off the development of 700,000 square feet of prestigious industrial facilities at Highbury Business Park, the first O.R.E. speculative development in London. The business park will be comprised of two multi-tenant buildings. Located on Max Brose Drive, the property is along the South side of Highway 401, southeast of the Highway 401 and Highbury Avenue interchange.
The two buildings at Highbury Business Park will be built on 32 acres. Building 1 will consist of 566,430 square feet featuring 30' clear height, parking for 275 automobiles, 55 truck level doors, 4 drive-in doors and 194 trailer parking spaces. The building is designed to accommodate up to six tenants, features an ESFR sprinkler system and is powered with a 3000 amp 3471600 volt electrical service. The building will be heated with gas fired unit heaters and the facades will be constructed with insulated flexwall precast panels.
The second building will consist of 129,386 square feet, is designed to accommodate a single tenant and is currently available for sale or lease. The building features a 1200 amp 3471600 volt electrical service, 24' clear height, parking for 60 automobiles, 11 truck level doors and one drive in door.
"Highbury Business Park is in a strategic location midway between Detroit and Toronto," said Michael Hanna, VP and General Manager of O.R.E. Development Corporation. "The centrally located site will attract automotive part suppliers and warehouse distribution users who want to service the southern Ontario and US markets."
"We are delighted to welcome 0.R.E to London and are confident the company will thrive in The Forest City". said London Mayor, Anne Marie DeCicco - Best. "This significant investment reinforces the merit of our industrial land development strategy in successfully attracting new enterprises and creating new jobs for our community."
The City of London plans to improve and extend roads and municipal services along Global Drive to
accommodate the Highbury Business Park. O.R.E. donated 4.72 acres of wet lands from the development property to the City of London.
"This development of a spec building will enhance our ability to attract new companies and will provide valuable marketing opportunities for the City," said John Kime, President and CEO of the London Economic Development Corporation. "It demonstrates the faith that O.R.E. has in the potential for growth in London."
andy Fisher, Chris Harris and Larin Shouldice of CB Richard Ellis will represent O.R.E. in leasing transactions. The Highbury Business Park was designed by O.R.E. Architects, Inc. and will be built by 0.R.E Development Corporation. Construction will begin in December 2006 and completion is scheduled for fall 2007.
O.R.E. - O.R.E. Development is a member of the Minneapolis-based Opus Group, which is composed of vertically integrated full-service companies with offices in 27 U.S. cities. O.R.E. offers the benefits of local expertise, as well as national capabilities through its U.S. affiliate. For more information, visit www.oredevelopment.com.
The Opus Group, based in Minneapolis, is a $1.4 billion premier, full-service real estate development company with nearly 55 years experience. Specializing in office, industrial, retail, multifamily, government and institutional development, The Opus Group has completed more than 2,300 projects and 227 million square feet and currently has 35 million square feet in planning or development. Opus employs 1,600 people in 28 offices in the United States and Canada. A community steward since its inception, The Opus Group contributes 10 percent of its pre-tax profits to community organizations. For more information, visit www.ovuscorp.com.
