TWO OTTER TAIL CORP. DIVISIONS LEASE DUKE REALTY FACILITY

OTSEGO, MINN. — Duke Realty Corp.’s Gateway Business Center North I, a 153,600-square-foot spec industrial building located within its Gateway Business Center North in Otsego, is 100 percent leased. Two divisions of Otter Tail Corp. have leased the building, which is situated at 6035 Queens Ave. T.O. Plastics Inc. has leased 57,600 square feet of industrial space, while BTD Manufacturing has taken 96,000 square feet of space at the facility. The building, which features 24-foot clear-height ceilings, is the first within Duke’s 160-acre planned development, which can accommodate up to 1.4 million square feet of industrial space. Dan Swartz of CB Richard Ellis in Bloomington, Minn., represented Duke; Peter Mork and Tim Olsen of Welsh Cos. represented T.O. Plastics and BTD Manufacturing in the transaction. Terms of the leases were not disclosed.