Hillcrest Development LLLP (Hillcrest) and The Opus Group (Opus) announced today an agreement to develop an approximate 40-acre rail served business park located south of US Highway 61 at the northwest corner of Hemingway Ave. South and 91st Street South adjacent to Hamlet Park in Cottage Grove, Minnesota.
Plans for the site include a variety of development scenarios ranging from 425,000 to 550,000 square feet of rail served industrial space with the ability to support 38-foot clear height and outside storage.
“We are very excited to collaborate with Opus on the development of Southeast Industrial Park. Opus provides best in class excellence and expertise in industrial development. The combination of Opus and the Southeast Industrial Park is an irresistible partnership,” said Scott Tankenoff, managing partner of Hillcrest Development LLLP.
“We are thrilled to support Hillcrest Development on this exciting property in the southeast metro,” said Phil Cattanach, director, real estate development of Opus Development Company, L.L.C. “What makes this opportunity so compelling is there are very few sites that can accommodate rail service for large users at this scale in the greater metropolitan area.”
Rail service to the site is provided by Canadian Pacific with public utilities and infrastructure stubbed to the site.