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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.
CBRE’s Dan Swartz, James DePietro, and Austin Lovin will market and lease the property. CRG integrated partner Lamar Johnson Collaborative designed the property, and its parent company, Clayco, served as the design-builder.
“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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