COLUMBUS, OHIO, December 18, 2024 —The Opus Group (Opus) today announced the start of construction on a 250,829-square-foot multi-tenant speculative industrial building in Marysville, Ohio The project is the only spec industrial development getting underway in Central Ohio moving into the first quarter of 2025.

33 Commerce Center is significant as Central Ohio, like much of the country, has seen a marked slowdown in new industrial construction over the last year as bulk warehouse completions have led to rising vacancy rates. Both Opus and Marysville leaders affirm this development demonstrates a response to market optimism and demand, particularly for smaller, multi-tenant industrial properties. 

“This is a welcome sign that we’re returning to more of a growth phase that will bring more jobs and infrastructure to the area,” said Terry Emery, city manager for Marysville. “Opus is one of the most reputable commercial real estate developers in the country and is actively involved in the greater Columbus community, so we’re very excited to advance our partnership with them and see this project through to a successful completion for the people of Marysville.”

33 Commerce Center, a Class A facility on 18 acres, is designed for manufacturing and light assembly. The state-of-the-art building will offer four storefronts, each with clerestory glass entries to add architectural interest and maximize daylighting, a 3,870-square-foot office space to speed customer occupancy, 32-foot clear height, interior and exterior LED lighting, 155 vehicle parking spaces, 24 equipped docks, four drive-in dock doors and room for future trailer parking. The development is advantageously located in the city’s 33 Innovation Park, which features a new utility infrastructure with high-capacity fiber optics. Completion is scheduled for August 2025.

 “We’re optimistic about the signals the market is giving, and we believe the time is right for new, differentiated industrial development in the greater Columbus region,” said Alex Vulic, vice president of real estate development with Opus. “Marysville, in particular, has a well-established industrial base, and we anticipate 33 Commerce Center will be well received. We appreciate the opportunity to help grow the Marysville community, and we look forward to an ongoing partnership with the city throughout the construction process.”

Opus is the developer, design-builder and architect of record for the project. AST Engineering is the structural engineer of record. Mike Spencer, SIOR and Todd Spencer, SIOR, CCIM with Lee & Associates are marketing the space for lease. 

“33 Commerce Center will appeal to a variety of users looking for a quality industrial space that’s well positioned in an advantageous and rapidly expanding industrial corridor,” said Todd Spencer, principal with Lee & Associates.