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<br />Opus Northwest. LL.C.
<br />
<br />Ii OPUS.
<br />
<br />Opus Corporate Center
<br />10350 Bren Road West
<br />Minnetonka, Minnesota 55343
<br />
<br />Mailing Address
<br />P_O. Box 59110
<br />Minneapolis, Minnesota 55459-0110
<br />
<br />612-656-4444
<br />
<br />Fax 612,656-4529
<br />
<br />March 30, 1999
<br />
<br />Ms. Cathy Bennett
<br />Economic Development Specialist
<br />City of Roseville
<br />2660 Civic Center Drive
<br />Roseville, MN 55113
<br />
<br />via fax & mail
<br />
<br />RE: Marketing Reportfor Gateway Business Park
<br />
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<br />
<br />Dear Cathy:
<br />
<br />1-35 Business Center (Speculative Office Warehouse):
<br />
<br />We currently have two leases signed; one with Ecolab for approximately 20,000 square
<br />feet that took occupancy in 1998, the other with NOW Micro for approximately 12,400
<br />square feet that took occupancy March 1, 1999. We are currently in final lease
<br />negotiations with J.C. Penney for approximately 45,000 square feet. They are scheduled to
<br />take occupancy in June and will employ approximately 40 people. We are also in
<br />preliminary discussions with approximately five other companies ranging in size from
<br />12,000 square feet to 25,000 square feet to lease the balance of the building. They range in
<br />tYpe of operation from small distribution companies to medical research. companies. It is
<br />our hope to have this building fully occupied by mid-summer 1999.
<br />
<br />We continue to have approximately 2-3 showings per week for the building and are
<br />continuing to send out mailers, brochures, and periodic advertising in the trade journals.
<br />
<br />Vacant Lots:
<br />
<br />As you are already aware, approximately nine months ago we completed a build-to-suit for
<br />India Handicrafts, a 60,000 square foot office/warehouse building that is owned by them.
<br />They employ approximately 12 people, two of them on a part-time basis.
<br />
<br />We have just recently signed a lease for a build-to-suit office/warehouse project with a
<br />company named Prime Source Corporation, currently located in Mendota Heights,
<br />Minnesota. The building is approximately 78,000 square feet with 23,000 square feet of
<br />finished office space, and the balance to be finished as warehouse space. Scheduled
<br />occupancy is December 1,.1999. When fully occupied the building will house
<br />approximately 125 employees, of which about 80 are general Qffice'workers including 10
<br />executives. This proJect will encompass Lots 2 and 4 and have expansion capabilities of
<br />approximately an additional 20,000 square feet
<br />
<br />Architects, Contractors, Developers
<br />Opus Northwest. L.L.C. is an affiliate of the Opus group of companies
<br />Atlanta, Austin, Bellevue, Chicago. Columbus, Dallas, Denver, Ft Lauderdale, Houston, Indianapolis, Kansas City, Miami, Milwaukee, Minneapolis. Orange County.
<br />Pensacola, Phoenix, Portland, Sacramento, San Francisco, Seattle. Tampa, Washington D.C.
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