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Duke Building Three Massive Distribution Centers in Maple Grove

Each Building Will Range in Size from 267,000 to 292,000 SF
February 2, 2018
Indianapolis, IN-based developer Duke Realty has the city’s blessing to build Park 81, a proposed 48-acre industrial development that will include three bulk distribution centers just south and west of the border between Osseo and Maple Grove, MN.

Each building will range in size from 267,000 to 292,000 square feet. The development is slated for a site at 10655 County Road 81, which is currently improved with a dormant concrete processing facility, according to a memo sent to the city by Bill Shank, a development services manager with Duke.

The new development will have 510 parking spots, he wrote. The memo did not detail how many loading docks each building may have, nor how tall they would be, though architectural renderings provided by the company show buildings that seem to be at least 30 feet tall.

Duke’s concept plan was unanimously approved by the Maple Grove City Council on Jan. 16. The proposal will make a perfunctory appearance at the council's upcoming meeting on Monday to clear up some minor amendments.

This is one step of two, said Community Development Director Dick Edwards. Duke will have to submit another application with final details regarding such building layout, architectural plans and the number of parking stalls. The second application will be subject to scrutiny by the city’s Planning Commission and the approval of the council.

So far, Duke has not submitted any further plans, he said. The city is not aware of when the developer wishes to start construction, or whether the company has a tenant in the wings for the buildings.

Duke Realty Spokesperson Helen McCarthy declined to comment on any aspect of the project, including the status of the site itself.

It is unclear as to whether Duke has a deal in place for the property. According to Edwards, the site belonged to Hanson Structural Precast, which was acquired by Wells Concrete in 2014. It is listed as one of Wells’ locations on the company’s website, but according to Hennepin County property records it is in the care of Dallas-based Marvin F. Poer & Co., an advisory firm that specializes in property taxes.

The 228,101-square-foot concrete facility was built in the 1960s. The property had a value of $9.06 million for taxes payable in 2018, according to public records.

The site is located immediately west of Red Rock Business Park, completed by United Properties in 2015, which houses a 320,000-square-foot, 32-foot warehouse building on a 22-acre site. About 86 percent of Red Rock is occupied by Bunzl Distributing, a St. Louis, MO food distributor that services supermarkets, food processors and convenience stores.

According to recent marketing materials put out by the Bloomington, MN office of Cushman & Wakefield, about 45,000 square feet are still available for lease there.

Duke is trying to push through another large development in Maple Grove, MN. In August 2017, the developer pitched a 50-acre development called Arbor Lakes Business Park, which would ultimately entail the construction of about 6.2 million square feet of flex space, 1.2 million square feet of office space, around 533 residential units and 53,178 square feet of retail.

The first phase of the project will be discussed at the Maple Grove City Council meeting on Monday, as will a tax increment financing package for the development.

Clare Kennedy, Minneapolis / St. Paul Market Reporter  CoStar Group   
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