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REJournals.com - A hot corner in Rogers Page 1 of 2 <br /> hi LANES TA <br /> • MUM <br /> REAL ESTATE JOUNAL <br /> nkm.g abe,it ss11 stir cre you Wing for <br /> the Extreme Office MakeoverWing for <br /> tAug <br /> l <br /> HOME ARXZKIVES SUBSCRIBE .' CONTACT - ADVEHIls5NO Aug. 16, . <br /> Thursday August 12 2004 <br /> A hot corner in Rogers <br /> Staff Writer RE ournais.com <br /> James DePietro has his reasons for calling the intersection of Diamond Lake <br /> Road and Wilfred Lane in Rogers a hot corner. In addition to the speculative <br /> project that he is marketing, there are currently two sizable build-to-suit <br /> projects in the works at that junction. <br /> "There's three-quarters of a million square feet of new properties being built," Vied <br /> says the first vice president at CB Richard Ellis. "If you stand at that $ ;tett <br /> intersection, you feel like the world is on fire. It's amazing." <br /> On Monday, Opus Northwest LLC will kick off construction of a 285.000 square <br /> foot buildi!: at 20000 S. Diamond Lake Road for Archway Marketing Services CLI <br /> with an official groundbreaking. The office distribution facility, which is <br /> • scheduled for completion by February 2005, is Opus' third project for Archway. <br /> Meanwhile, last week Marfield, Belqarde and Yaffe Cos. (MBY) held a Thin <br /> groundbreaking ceremony for Diamond Lake Industrial Center Phase II, a mak <br /> 259,000 square foot building at that same corner. <br /> to <br /> So far, no lease deals have been inked for the speculative project. However, yo <br /> DePietro says that he is talking to several prospective tenants for the building, $ <br /> which features 32-foot ceilings, 40- by 45-foot column spacing and ESFR <br /> sprinklers designed for Class Four commodities. The building, which is divisible <br /> by 21,600 square feet, also has 10,800 square foot bays, 24 8- by 10-foot dock 'Wee 4 <br /> doors, eight 12- by 14-foot drive in doors, onsite trailer storage and designated <br /> outside storage. <br /> MBY's project is surrounded by many recent and ongoing projects. In addition ES <br /> to the Archway project, Opus Norwest is wrapping up construction on a <br /> 109,300 square foot distribution cent .r for Thorne Distributing Com, a distributor Ad <br /> of Anheuser Busch and Heineken products. In 2001, Opus completed a 400,000 <br /> square foot headquarters facility at 18950 South Diamond Lake Road for <br /> Archway in 2001. That same year MBY completed the 244,000 square foot <br /> Diamond Lake Industrial Center I at 12999 Wilfred Lane. RE4 <br /> Michele Foster, senior director of real estate development for Opus, says the <br /> availabilit • ">u.: -rate) • ' -. . • •" ' Rogers made it an attractive option <br /> for Thorpe and Archway. Both companies are headquartered in the Northwest To <br /> • suburbs. Our <br /> "We've just been really pleased with the responsiveness of the city and the <br /> http://www.mrej.com/story.cfm?Market=MN&StoryID=12885 8/16/2004 <br />