Artis REIT Breaks Ground on MN Spec Industrial
Blaine35, a three-building, 317,400-square-foot Class A industrial development, has broken ground in Blaine, MN. CBRE’s Dan Swartz and Austin Lovin are marketing the property on behalf of their client, Artis REIT.
The groundbreaking marks the start of construction on Building A, a 118,500 sq. ft. facility with 32-foot clear heights. The project will consist of three buildings that are owned and developed by the Winnipeg, Manitoba-based Artis REIT.
A commitment to environmental sustainability practices means the development will strategically maximize the use of native prairie seed mixes. Stormwater discharge from the property will be also reduced by 20% post construction through cooperation with the Rice Creek Watershed District.
“We continue to see elevated levels of industrial demand in the market,” said Swartz. “Speculative developments like Blaine35 allow Minneapolis to attract more industrial users that need to expand quickly to respond to unprecedented demand.”
