Philadelphia Business Journal - June 23, 2006
Opus East will construct an $18 million, 242,433-square-foot distribution building for Estée Lauder Cos. Inc. in the Keystone Industrial Park II in Bristol, Pa. Estée Lauder (NYSE: ES), the cosmetics maker, signed a 20-year lease with Opus East, a regional operation of the Minnesota-based Opus Group that has an office in Plymouth Meeting, Pa.
Opus East has already broken ground on the facility at 200 Crossings Drive and expects the company to move in next March. Estée Lauder of New York already occupies 302,409 square feet in the industrial park in Bucks County. It has been in that space since March 2001. Opus East and Colliers Lanard & Axilbund arranged the lease.
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