R&R Realty Group cut the ribbon Tuesday, October 9th on its first building in the Omaha area. Warehouse 1, located at the intersections of Gold Coast Road and Highway 50 is the first warehouse to be completed within R&R Commerce Park.
“We’re proud to introduce an entirely new kind of warehouse product to the Omaha market,” said Mike Homa, President of R&R Realty’s Nebraska division. “This building is the beginning of a new chapter for both R&R as a company and Omaha as a community.”
At 250,000 square feet, this speculative warehouse is the largest of its kind in the area. Three more buildings are planned within R&R Commerce Park for a total of more than 1,000,000 square feet. Each of the park’s buildings will be designed to meet the needs of modern warehouse users with features like 32-foot ceiling heights and an ESFR fire suppression system.
“There’s been a strong demand for warehouse space, particularly from companies engaging in e-commerce, distribution and light manufacturing,” remarked Homa. “When we began doing research on what warehouse users are looking for, items like ceiling heights, accessibility to major roadways and safety features came up frequently. This type of warehouse product was simply in limited supply, or not available in the local market. Since construction began, we have received several inquiries from users new to Omaha, which will benefit our local economy.”
In addition to companies specializing in e-commerce, R&R also anticipates interest from other users.
“We’ve seen quite a bit of interest in our Des Moines-area warehouse space from organizations who use the space for office, showrooms, light assembly or research and development,” said Mark Rupprecht, President of R&R Realty Group. “At the end of the day, these groups are all looking for flexibility and that’s exactly what we aimed to build into our first Omaha development.”
The West Des Moines-based company will own, lease and manage the development through its Omaha office with Mike Homa leading operations. “Our plan is to be a long-term investor in the Omaha market and this building is the first step of that journey,” commented Homa.
Watch the ribbon cutting via Facebook by simply clicking below!