A Minnesota-based developer is looking at investing $21 million in a new speculative project in Butler County that could bring hundreds of jobs to the area, the Cincinnati Business Courier reports. The Opus Group “has proposed the Middletown Logistics Center, a new 613,000-square-foot building intended to attract distribution businesses” in the MADE Industrial Park. Speculative development “speaks to an improving economy” and “points to a low supply of available industrial real estate,” according to the article. Middletown “will consider an enterprise zone agreement with a 100 percent tax abatement for 15 years to support the facility” and would require “the project to create 150 new full-time jobs and $3.5 million in payroll by April 2020.” The Opus Group said “it hopes to attract end users that bring as many as 350 jobs — or $11 million in payroll.” For more, read the full article.
$21 million spec project in Greater Cincinnati speaks to “improving economy”
