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CRG Plans 1M-SF Spec Industrial in Twin Cities
CRG, the real estate development and investment arm of Chicago-based Clayco, plans to develop The Cubes at French Lake, bringing up to one million square feet of distribution space to a 65-acre site in Dayton, MN, 20 miles northwest of downtown Minneapolis. It will be CRG’s first super bulk inventory distribution facility in Minnesota and reportedly the largest speculative industrial facility developed in the state.
Located at 11500 Lawndale Ln. in Dayton, The Cubes at French Lake is adjacent to the new Dayton Parkway Interchange. Lee & Associates will handle leasing for the project, which will also be marketed as a build-to-suit opportunity.
“Like many parts of the country, the Minneapolis-St. Paul region has a low industrial vacancy rate and growing need for Class A distribution facilities, especially of this size and quality,” said Jeff Lanaghan, CRG SVP and partner, Midwest region.
- ◦Development
