CRG Completes Minnesota’s Largest Spec Industrial Development
CRG, a national real estate development and investment firm, has completed construction on The Cubes at French Lake, a 1,006,880-square-foot industrial development in Dayton, Minnesota. The completion of the project located at 11500 Dayton Parkway North, marks Minnesota’s largest speculative industrial project and the state’s first super-bulk inventory distribution facility.
“Partnering with CBRE, we look forward to seeing The Cubes at French Lake meet the critical needs of e-commerce, logistics, and manufacturing users while driving the region’s economic growth and job creation,” said Susan Bergdoll, senior vice president and partner for the Midwest region at CRG.
Minneapolis’ Northwest submarket has the largest concentration of developments in the market, accounting for 46 percent of the total construction underway in the fourth quarter of 2023, according to CBRE Research.
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Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories.
With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.