The project, located at 3901 S.E. Park Drive, is a joint venture between Opus Group, headquartered in Minneapolis with offices in Clive and other U.S. cities, and ATI Group, a residential and commercial development company located in Ankeny.

“Rider Logistics Center will help address the continuing strong demand for industrial space in the Des Moines market,” Jason Conway, senior director of real estate development for Opus, said in a prepared statement.

Opus Group, through ODC ATI Grimes LLC, paid ATI Group $2.8 million for the 77 acres where the development will be located, Polk County real estate records show. The transaction was recorded May 3.

Rider Logistics Center is a 77-acre master-planned industrial park. The development’s first phase will include a 270,000-square-foot building with a 32-foot clear height, up to 56 dock doors, two drive-in doors and up to 242 vehicle parking stalls. The structure will be built on 16.5 acres.

Construction is expected to be completed in the first quarter of 2023.

Michael Anthony, project executive for Opus Group, said construction of industrial space is expanding beyond Ankeny and Des Moines, both of which have experienced strong warehouse development.

“With the increasing land prices and dwindling supply in Ankeny and the demand still extremely great, other areas around the metro will continue to see more development,” Anthony wrote in an email. “Our Grimes project is an example of this shift.”