Friday, May 16, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Minnesota

Leasing ActivityMidwestMinnesotaRetail

CrossBat Cricket Arena Opens 18,000 SF Location in Burnsville, Minnesota

by Kristin Harlow

BURNSVILLE, MINN. — CrossBat, a Cricket sports brand, has opened an 18,000-square-foot location at 3150 W. County Road 42 in Burnsville, just south of Minneapolis. The location marks the launch of CrossBat’s flagship cricket facility. The company has plans to expand nationally. Jake Kelly of Cushman & Wakefield represented CrossBat in the lease, while Andrew Manthai of KW Commercial represented the owner, Metro Center LLC. The indoor cricket venue offers box cricket leagues, nine full-length lanes for practice, cricket events, corporate team-building experiences and a coaching network. Cricket is the world’s second-most popular sport and is experiencing rapid growth in the U.S., according to Cushman & Wakefield. Minnesota is home to 100-plus teams and multiple leagues.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentMidwestMinnesotaRetail

Kraus-Anderson Completes Redevelopment Project at Galleria Mall in Edina, Minnesota

by Kristin Harlow

EDINA, MINN. — Kraus-Anderson Construction (KA) has completed a redevelopment project at Galleria in Edina, transforming a key section of the mall into a new retail area anchored by an expanded space for lifestyle and home furnishings brand Arhaus. Designed by Cuningham Architects, the two-story, 53,536-square-foot core and shell features a 25,000-square-foot showroom for Arhaus, which is slated to open this fall. The redevelopment also accommodates three additional tenants, including Sweet Paris Crêperie, which is also scheduled to open this fall. The other two retailers will debut in 2026. The scope of work included the full interior demolition of both lower and main levels. KA raised the roof by 10 feet, created a concourse with clerestory windows and installed a glass elevator. In addition to the interior remodel, the project also incorporated exterior and site improvements, including new drive lanes connecting Galleria’s parking areas, a new underground stormwater retention system, upgraded electrical and water services, new concrete and asphalt paving, irrigation and landscaping. Construction began in February 2024. Hines, which manages the Galleria, served as construction manager and owner’s representative on the project.

Continue Reading
FacebookTwitterLinkedinEmail
Affordable HousingLoansMidwestMinnesotaMultifamily

Merchants Capital Arranges $32.9M in Construction Financing for Minnesota Affordable Housing Project

by Kristin Harlow

ST. PAUL, MINN. — Merchants Capital has arranged $32.9 million in financing for the construction of East 7th Street, a 60-unit affordable and supportive housing development in St. Paul. Merchants Capital provided $18.9 million in 9 percent Low-Income Housing Tax Credit equity and secured a $14 million bridge loan from Merchants Bank. The project will include 17 units designated for individuals earning up to 30 percent of the area median income (AMI) and 43 units for those earning up to 60 percent AMI. Seven units will be set aside for people with disabilities and seven units will be reserved for high-priority homeless housing via Ramsey County Housing Support Program and Coordinated Entry System. Developed by Project for Pride in Living, the community was designed to accommodate “grandfamilies” with large family kinship. East 7th Street will offer one- to five-bedroom apartments. Amenities will include a fitness center, package lockers, onsite management and maintenance, bike storage, a playground, lounge area, conference room and storage units. Construction began in December and is expected to be completed in 12 months.

Continue Reading
FacebookTwitterLinkedinEmail
IndustrialLeasing ActivityMidwestMinnesota

Transwestern Negotiates 45,024 SF Flex Industrial Lease for Waggle in Blaine, Minnesota

by Kristin Harlow

BLAINE, MINN. — Transwestern Real Estate Services has negotiated a 45,024-square-foot lease for Waggle, a golf and apparel brand, at Radisson Road Business Center in the Minneapolis suburb of Blaine. The new 58,080-square-foot development is zoned for light industrial use and is slated for completion in October. Waggle expects to be in its space by year’s end and will utilize 2,300 square feet for retail space, 10,000 square feet for office space and 27,000 square feet for warehouse space. The lease marks a significant expansion for Waggle and will serve as the company’s headquarters. Chris Weirens of Transwestern represented the tenant throughout the site selection and lease negotiation process. Jon Raush and Luke Appert of Cushman & Wakefield represented the undisclosed landlord.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMidwestMinnesotaMultifamily

Marcus & Millichap Brokers $2.7M Sale of Multifamily Property in Maplewood, Minnesota

by Kristin Harlow

MAPLEWOOD, MINN. — Marcus & Millichap has brokered the $2.7 million sale of Van Dyke Village Townhomes in the northeastern St. Paul suburb of Maplewood. The 20-unit multifamily property is located at 2191 Van Dyke St. and features two- and three-bedroom units with attached garages. Built in 2004, the asset is situated on 3.6 acres near Maplewood Mall and Keller Regional Park. Evan Miller, Chris Collins, Eric Wagner and Matthew Shide of Marcus & Millichap represented the seller, Van Dyke Street Homes LP, the original developer. Miller and Collins procured the buyer, Dadder’s Estates LLC.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentIndustrialMidwestMinnesota

PCCP, Endeavor Begin Third Phase of Development at Arbor Lakes Business Park in Minnesota

by Kristin Harlow

MAPLE GROVE, MINN. — A joint venture between PCCP LLC and Endeavor Development has begun the third phase of development at Arbor Lakes Business Park in the Twin Cities suburb of Maple Grove. The partnership has developed two prior phases totaling four buildings and 849,138 square feet. The third phase encompasses a 197,964-square-foot industrial project on 12.5 acres. Completion is slated for 2026. The building will feature a clear height of 32 feet, 3,000 amps of power, 18 dock doors, two grade-level doors and a 120-foot truck court. Arbor Lakes Business Park is located at the intersection of I-94 and I-694.

Continue Reading
FacebookTwitterLinkedinEmail
Leasing ActivityMidwestMinnesotaRetail

Transwestern Negotiates 66,100 SF Retail Lease in Burnsville, Minnesota

by Kristin Harlow

BURNSVILLE, MINN. — Transwestern Real Estate Services has negotiated a 66,100-square-foot retail lease at Aurora Village shopping center in the southern Minneapolis suburb of Burnsville. The tenant is Soar N Bounce Trampoline and Adventure Park, which currently maintains locations in Michigan and Pennsylvania. The company plans to open 12 additional locations, including the site in Burnsville, which is slated to open in the first quarter in 2026. Brad Kaplan and Molly Townsend of Transwestern represented the owner, Aurora Investments LLC. Brian Weld and Tom Martin of Cushman & Wakefield represented the tenant. The lease marks the largest deal by square footage in the trade area since 2018, according to Transwestern. Aurora Village totals 122,323 square feet.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMidwestMinnesotaMultifamily

Marcus & Millichap Brokers $59.5M Sale of Multifamily Property in Golden Valley, Minnesota

by Kristin Harlow

GOLDEN VALLEY, MINN. — Marcus & Millichap has brokered the $59.5 million sale of The Liberty, a 242-unit multifamily property in the Minneapolis suburb of Golden Valley. Completed in 2017, The Liberty features 55 townhomes and 187 apartment units that range from 568 to 1,536 square feet. Amenities include a pool, fitness center, solar panels, grilling area and clubhouse. The luxury property was 96 percent occupied at the time of sale. Abe Roberts of Marcus & Millichap represented the seller, an entity related to the Schactman family, and procured the buyer, Minnesota-based The Goodman Group.

Continue Reading
FacebookTwitterLinkedinEmail
CivicDevelopmentMidwestMinnesota

Kraus-Anderson Breaks Ground on Expansion Project at Maple River Schools in Minnesota

by Kristin Harlow

MAPLETON, MINN. — Kraus-Anderson (KA) has broken ground on an expansion project at Maple River Schools in Mapleton within southern Minnesota. The project includes two new classrooms and an outdoor track and field facility with a discus and shot-put area and a sand jump pit. Designed by ISG, the expansion is part of a long-range facilities plan funded by a $63.3 million bond referendum passed in February 2020. Construction is slated for completion in July. In fall 2022, KA completed the new K-12 school for the Maple River School District. Located in Mapleton, the centralized campus serves students in the rural communities of Amboy, Good Thunder, Mapleton and Minesota Lake. The 200,000-square-foot school features three gymnasiums, a 500-seat auditorium, early childhood classrooms and a separate middle/high school wing with ag science and career and tech classrooms.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentIndustrialMidwestMinnesota

Opus Completes 131,578 SF Dayton Parkway Business Center in Minnesota

by Kristin Harlow

DAYTON, MINN. — Opus has completed Dayton Parkway Business Center in Dayton near I-94. The 131,578-square-foot speculative distribution and light manufacturing facility is located at 17800 Territorial Road. The project included tenant improvements for TurbinePROs, a field services provider for rotating equipment at power generation and process plants. TurbinePROs is the first tenant at Dayton Parkway Business Center and is leasing 87,597 square feet, including 12,000 square feet of office space. The new space replaces the company’s 30,000-square-foot home in Rogers. TurbinePROs is currently transitioning into its new location and will be fully operational by the end of the month. Dayton Parkway Business Center’s remaining 43,091 square feet offers prospective tenants six dock doors, two drive-in doors, a clear height of 32 feet, 115 vehicle parking stalls and 14 trailer parking stalls. Opus was the developer, design-builder and architect. Dan Swartz and Austin Lovin of CBRE are marketing the remaining space for lease.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts