CTMT ARRANGES TWO INDUSTRIAL LEASES TOTALING 318,666 SQUARE FEET

FRIDLEY, MINN., AND CONCORDIA, MO. — Colliers Turley Martin Tucker (CTMT) has arranged two industrial leases totaling 318,666 square feet. First, CTMT’s Minneapolis/St. Paul office completed a lease for 244,666 square feet at River Road Industrial Center, located at 4800 E. River Rd. in Fridley. The space will be occupied by BP Wind Energy North America. The value of the lease is $2.36 million. CTMT’s Ronald Scholder, Mark Kolsrud and Matthew Klein represented the landlord, ELT Minneapolis LLC. River Road Industrial Center is the largest industrial building in the state of Minnesota, totaling more than 2 million square feet in a single building.
In the second transaction, CTMT’s Kansas City office arranged a 74,000-square-foot lease at 101 Davis Rd. in Concordia. The lease is valued at $2.35 million. CTMT’s Alec Blackwell represented the tenant, Old World Spices & Seasonings. The landlord is I-70 Storage Properties LP.