The Opus Group (Opus) announced today an agreement with Carlson Real Estate Company (Carlson) to develop approximately 35 acres within The Oaks Business Park at the northeast corner of Interstate 94 and Interstate 694 in Oakdale, Minnesota.
Plans for the site include approximately 450,000 square feet of office and office flex space.
“We’re thrilled about the development opportunity this property affords our company and a continued expansion of our portfolio in the east metro,” said Pete Carlson, senior vice president of Opus Development Company, L.L.C. “The proximity to the Woodbury retail amenities coupled with unparalleled visibility from the freeway distinguishes this site as one of the last remaining freeway frontage developments of this density in the metropolitan area.”
The site has a unique combination of locations, offering opportunities with freeway visibility or more secluded sites overlooking natural wetland and water features all within a first-class business park setting.
Opus Development Company, L.L.C. has retained Cushman & Wakefield/Northmarq to market the site.