C&W to Lease Minnesota Distribution Buildings
The Meritex Company will demolish an existing 360,000-square-foot industrial property and construct two state-of-the-art 144,000-square-foot bulk-distribution buildings, Highcrest II & III, in Roseville, MN. The commercial real estate project is anticipated to deliver in fall 2018.
The Minneapolis-based company developed the existing building in 1964, and owned and managed the property for four decades. The company sold it in 2004, and subsequently repurchased the asset in 2016.
The new buildings will be located at 2740 Highcrest Rd., have close access to Interstate 35W, Highways 36 and 280, and are closer to downtown Minneapolis and St. Paul than recently developed industrial projects.
Meritex’s Ray Kivett says, “We know tenants want great freeway access, to be close to Minneapolis and St. Paul and have unrivaled access to labor, and this project will provide all of the above.”
Cushman & Wakefield’s David Stokes, Todd Hanson, Jason Sell, Chris Weirens and Ian Thompson head up the leasing effort.
For comments, questions or concerns, please contact Dennis Kaiser