Industrial Market Spikes | Twin Cities Business
Developers are building warehouse and manufacturing facilities in the Twin Cities as fast as they can.
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Developers are building warehouse and manufacturing facilities in the Twin Cities as fast as they can.
Talk about the current state of the suburban industrial real estate market quickly trends toward superlatives. To be clear, it's a national trend as well. But the Chicago area is setting the pace.
Copy shortlink: Chicago developer Clayco will build a 1 million square foot speculative distribution center in Dayton, Minnesota, company officials announced Tuesday. The new Cubes at French Lake project will be developed by Clayco's CRG arm and is expected to be completed sometime in 2022, officials said. Terms were not disclosed. "The Cubes at French Lake will be CRG's first super-bulk inventory distribution facility in Minnesota and the largest speculative industrial facility developed in the state," said CRG senior vice president and partner Jeff Lanaghan. The new...