{"id":1004794912,"date":"2026-04-10T03:28:55","date_gmt":"2026-04-10T11:28:55","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004794912"},"modified":"2026-04-10T06:39:02","modified_gmt":"2026-04-10T14:39:02","slug":"opuss-new-industrial-park-gets-1st-occupant","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/opuss-new-industrial-park-gets-1st-occupant\/","title":{"rendered":"Opus\u2019 New Industrial Park Gets 1st Occupant"},"content":{"rendered":"
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\"\"
Rendering of a potential Opus-built building within the development. Courtesy of Opus<\/figcaption><\/figure><\/div>\n\n\n

Manufacturer Faith Technologies Inc. will be the first company to move into Pittsboro Commerce Center, Opus\u2019s new 170-acre industrial park just west of Indianapolis, the two companies announced Thursday.<\/p>\n\n\n\n

FTI is expanding to the park by starting construction on a 500,000-square-foot manufacturing facility on a 47-acre site it recently purchased from Opus. FTI will be its own general contractor for the project. Dollar amounts for the building\u2019s construction costs and the site\u2019s purchase price were not released.<\/p>\n\n\n\n

FTI specializes in smart technologies relating to engineering, construction, manufacturing and clean energy. The Pittsboro facility will support FTI\u2019s Excellerate brand, which specializes in modular electrical assemblies and energy solutions.<\/p>\n\n\n\n

Opus, meanwhile, continues to complete site infrastructure, including grading, access roads and utilities, and it plans to build out the remainder of the project in phases.<\/p>\n\n\n\n

Pittsboro Commerce Center is near the I-74 \/N County Road 275 E interchange. <\/p>\n\n\n\n

The State of Indiana and Hendricks County will support FTI\u2019s facility with incentive-based tax credits through the Indiana Economic Development Corp. and a property tax abatement through Hendricks County based on FTI\u2019s expected impact on economic growth and job creation in the Pittsboro area.<\/p>\n\n\n\n

Making stuff and shipping it, too<\/h2>\n\n\n\n

Considering the metro Indianapolis market\u2019s presence as a distribution hub, it might or might not be surprising that manufacturing space there has a tight 2.4 percent vacancy, about on par with vacancies for different categories of distribution space (2.6 to 4.0 percent), according to a fourth-quarter report from Colliers.<\/p>\n\n\n\n

Having stayed below 4.25 percent since mid-2021, industrial flex vacancy favors landlords as well. Asking rents for flex space exceed $10 NNN. Therefore, \u201cspeculative flex development is becoming more feasible in select locations and product types,\u201d Colliers reported.<\/p>\n\n\n\n

Earlier this week, Lauth Group Inc. sold 70 Connect II<\/a>, a 554,228-square-foot, Class A industrial facility in Greenfield, Ind., to Hillwood for $41.7 million in a deal arranged by Colliers. The property is fully leased by Yusen Logistics, a subsidiary of Nippon Yusen Kabushiki Kaisha.<\/p>\n","protected":false},"excerpt":{"rendered":"

An engineering company has bought a 47-acre parcel at this Indianapolis-area property. <\/p>\n","protected":false},"author":882,"featured_media":1004794913,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,1590,21748,21742],"tags":[],"class_list":["post-1004794912","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-indianapolis","category-industrial","category-latest"],"acf":[],"yoast_head":"\nOpus\u2019 New Industrial Park Gets 1st Occupant - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/opuss-new-industrial-park-gets-1st-occupant\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Opus\u2019 New Industrial Park Gets 1st Occupant\" \/>\n<meta property=\"og:description\" content=\"An engineering company has bought a 47-acre parcel at this Indianapolis-area property.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/opuss-new-industrial-park-gets-1st-occupant\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2026-04-10T11:28:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-10T14:39:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/Pittsboro-Commerce-Center.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/opuss-new-industrial-park-gets-1st-occupant\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/opuss-new-industrial-park-gets-1st-occupant\/\",\"name\":\"Opus\u2019 New Industrial Park Gets 1st Occupant - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/opuss-new-industrial-park-gets-1st-occupant\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/opuss-new-industrial-park-gets-1st-occupant\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/Pittsboro-Commerce-Center.jpg\",\"datePublished\":\"2026-04-10T11:28:55+00:00\",\"dateModified\":\"2026-04-10T14:39:02+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/opuss-new-industrial-park-gets-1st-occupant\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/opuss-new-industrial-park-gets-1st-occupant\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/opuss-new-industrial-park-gets-1st-occupant\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/Pittsboro-Commerce-Center.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/Pittsboro-Commerce-Center.jpg\",\"width\":800,\"height\":600,\"caption\":\"Rendering of a potential Opus-built building within the development. 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