NORTH AURORA – With a chill in the air and snow on the ground, village officials and representatives from Opus Development Company broke ground Tuesday for a 604,565-square-foot industrial building.
“I want to thank the village for their support of the project,” said Mike Yungerman, vice president of real estate development at Opus Development Company, LLC. Opus Development Company LLC is a subsidiary of The Opus Group, a family of commercial real estate companies headquartered in Minneapolis.
The groundbreaking was ceremonial because work already has started on the site. North Aurora village trustees recently approved plans for the speculative industrial building, which will be built on 32 acres along Orchard Gateway Boulevard, west of Randall Road.
The I-88 Gateway Logistics Center will be at 1200 Orchard Gateway Blvd., near a shopping center, and plans are for the building to be completed in June. Yungerman said the building can be expanded to 1 million square feet on 25 acres next to the site.
North Aurora Village President Dale Berman said he looked forward to the building being leased.
“We hope to have a great number of employees spending their money here,” Berman said. “I think this is the perfect site for the building.”
The building will be near Interstate 88, and will be owned by an investment affiliate of USAA Real Estate Company.