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CBRE Arranges 200K-SF Industrial Lease in Fargo
CBRE has arranged a 199,600-square-foot, long-term lease at Dakota Commerce Center, a 633,200-square-foot industrial development in Fargo. An undisclosed company will occupy 100% of building 3.
CBRE’s Chance Lindsey and Kyle Ferderer represented Dakota Commerce Center’s owner and development partners, Hyde Development and Gremada Industries, in the lease negotiations.
“This development represents a significant opportunity for prospective occupiers, as it’s the only industrial park of its kind on the market within the region,” said Lindsey. “Overall, demand for bulk warehouse space has risen in recent years in the area and it shows no signs of slowing down through the rest of the year.”
Dakota Commerce Center is located at 3701 40th Ave. N., just off Interstate 29 and adjacent to DCC North, a 111-acre site zoned for industrial development. The park features dock-high loading, drive-in doors, 32-foot clear heights, 40-by-52-foot column spacing, 36 trailer stalls, high-bay LED lighting, and 12-inch insulated precast wall panels. The park is currently 100% occupied.
