O.R.E. in final stages of developing 700,000 square foot distribution center in London, Ontario



    Largest speculative development in London

    TORONTO, June 4 /CNW/ - O.R.E. today showcased its 692,625 square feet of
industrial facilities at Highbury Business Park, the first O.R.E. speculative
development in London. The business park is comprised of two multi-tenant
buildings. Located on Max Brose Drive and Global Drive, the development is
along the South side of Highway 401, southeast of the Highway 401 and Highbury
Avenue interchange.
    The two buildings at Highbury Business Park were built on 32 acres.
Building 1, located at 1425 Max Brose Drive, consists of 572,215 square feet
featuring 30' clear height, parking for 345 automobiles, 54 truck level doors
and 8 drive-in doors as well as the availability of 20 additional trailer
parking spaces. The building was designed to accommodate up to eight tenants.
Features include an ESFR sprinkler system and a 3000 amp 347/600 volt
electrical service. The building is heated with gas fired unit heaters and the
facades are constructed with insulated flexwall precast panels. The concrete
slab on grade design includes 7" thick 3500 psi concrete reinforced with
42 lbs/cubic yard (25kg/m(3)) of steel fibres over an 8" compacted granular
base.
    The second building, located at 1400 Global Drive, consists of 120,410
square feet and is designed to accommodate up to five tenants. The building
features a 1200 amp 347/600 volt electrical service, 24' clear height, parking
for 82 automobiles, 14 truck level doors with knock outs for and additional
10 and five drive-in doors. The concrete slab on grade design includes 6"
thick 3500 psi concrete reinforced with 42 lbs/cubic yard (25kg/m(3)) of steel
fibres over a 6" compacted granular base.
    The interior lighting for both buildings is comprised of energy efficient
T5 motion sensor ready fluorescent light fixtures designed to provide an
average illumination level of 35 foot candles.
    "Highbury Business Park is in a strategic location midway between Detroit
and Toronto," said Michael Hanna, VP and General Manager of O.R.E. Development
Corporation. "The centrally located site will attract automotive part
suppliers and warehouse distribution users who want to service the southern
Ontario and US markets."
    The City of London has made significant improvements, including turning
lanes, to the Highbury/Wilton Grove intersection which provides quicker access
to and from the Highbury Business Park. O.R.E. donated 4.72 acres of wet lands
from the development property to the City of London.
    Randy Fisher, Chris Harris and Larin Shouldice of CB Richard Ellis are
representing O.R.E. in leasing transactions. The Highbury Business Park was
designed by O.R.E. Architects, Inc. and was constructed by O.R.E Development
Corporation. Construction began in the spring of 2007. Building 1 is ready for
immediate tenant fit-up and building 2 will be ready for occupancies in August
2008.

    O.R.E. - O.R.E. Development is a member of the Minneapolis-based Opus
Group, which is composed of vertically integrated full-service companies with
offices in 27 U.S. cities. O.R.E. offers the benefits of local expertise, as
well as national capabilities through its U.S. affiliate. For more
information, visit www.oredevelopment.com.

    The Opus Group, based in Minneapolis, is a $2.2 billion premier,
full-service real estate development company with 55 years' experience. Opus
employs nearly 2,000 people in 28 offices in the United States and Canada.
Specializing in office, industrial, retail, multifamily, government and
institutional development, Opus has completed 2,450 projects totaling
238 million square feet and has 35 million square feet of projects planned or
under development across North America. A community steward since its
inception, The Opus Group contributes 10 percent of its pre-tax profits to
community organizations. For more information, visit www.opuscorp.com.





For further information:

For further information: Marc Baronette, (905) 285-1703

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O.R.E. DEVELOPMENT CORPORATION

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