Minnesota’s Largest ‘Spec’ Industrial Project Is Completed

30 Jan 2024

news

Construction of a massive one-million-square-foot industrial building has been completed about 20 miles northwest of Minneapolis. The kicker? The building has no tenants yet.

On Tuesday, commercial real estate giant CBRE announced that national developer CRG has completed construction of The Cubes at French Lake, a 1,006,880-square-foot industrial development on about 65 acres in Dayton. CBRE is serving as the site’s leasing broker.

The site is the state’s first “super-bulk inventory distribution facility,” CBRE officials said. The project was also constructed speculatively, or “spec” for short, meaning it was built ready for move-in without a specific tenant in mind. In the office market, spec projects have gained in popularity in recent history.

Read the full article here.

More Topics

Governor Walz, Lieutenant Governor Flanagan Open DEED’s Largest-Ever Round of Child Care Grants and new Office of Child Care Community Partnerships

Jan 30 2024

Governor Tim Walz and Lieutenant Governor Peggy Flanagan announced today that over $6 million in Child Care Economic Development Grants – the state's largest-ever round of these grants – are now open. These grants are aimed at expanding access to child care and meeting the needs of working families.The Minnesota...

H2-A visas help Minnesota ag employers and workers from around the world

Jan 30 2024

Bruce and Stacy Wilmer have been beekeepers for nearly 40 years, producing honey in Minnesota and providing crop pollination throughout Minnesota and California. Their family business, Wilmer Honey Farms has relied on H2-A workers since 2015.Stacy Wilmer describes how essential H2-A workers are to their livelihood. “The beekeeping industry has...

If You Love Outdoor Fun, You’ll Love Carver County!

Jan 30 2024

Carver County is a wonderland for nature enthusiasts, adventure seekers, and active, fun-loving people of all ages and types. With more than 4,000 acres of parks defined by the region's rolling farmland, natural prairies, brilliant woodlands, and shimmering lakes, there are endless opportunities for great times in the great outdoors.Discover...