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Market Trend: Select Top Five Minneapolis Industrial Leases Signed in Q2 2017

August 18, 2017
The select top industrial lease signed during the first half of 2017 in the Minneapolis market was at Blaine Preserve Business Park - Bldg. III in the North Central submarket. Arrowhead Electrical leased 250,000 square feet there in the second quarter. Cushman & Wakefield / NorthMarq represented the landlord.

VStar Entertainment Group leased 104,818 square feet at Northern Stacks IV in the North Central Industrial submarket. Colliers International represented the landlord.

Also in the second quarter, US Venture leased 96,470 square feet at Plymouth Point Business Center in the Northwest Industrial submarket. CBRE represented the landlord.

  SOLUTION: COSTAR LEASE COMPS  CoStar subscribers can access the Introduction to CoStar Lease Analysis and the Fundamentals of Lease COMPS webinars on alternating Tuesdays at 3:00 pm (ET) through September. Log on and register for these and future events by clicking the Knowledge Center tab.

Staples leased 88,651 square feet at Northpoint Industrial Center I in the North Central Industrial submarket. CBRE represented the landlord in lease negotiations.

Pediatric Home Services renewed its 80,000-square-foot lease in the second quarter at Twin Lakes IV in the North Central Industrial submarket. Colliers International represented the landlord.

This trend is compared to the U.S. National Industrial select largest lease signings occurring in 2017, which include the 1 million-square-foot lease signed by Lindt at Lambert Farms Logistics Park - Building B1 in the Atlanta market, the 874,126-square-foot deal signed by Ace Hardware at Lebanon Valley Distribution Center in the Philadelphia market and the 857,379-square-foot lease signed by Amazon at Troutdale Logistics Center in the Portland market.

The information in this news report is based on CoStar’s Mid-Year 2017 Market Report, a 40+ page comprehensive research report available to CoStar subscribers. To learn more about quarterly research reports and other benefits available to CoStar subscribers, please call 888-226-7404.
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