Endeavor sells north metro industrial building for $28 million
The Edina-based industrial developer sold the 264,000-square-foot I-94 Logistics Center, which it developed in 2022.
A 264,000-square-foot industrial building in Rogers that’s visible from Interstate 94 has changed hands.
Edina’s Endeavor Development sold the I-94 Logistics Center, located at 12195 Brockton Lane, to Atlanta-based MDH Partners for $28.5 million, representatives with Endeavor confirmed.
The deal closed Aug. 12, said Endeavor Principal Josh Budish.
Read the full article online at Minneapolis/St. Paul Business Journal
Caribou Coffee Signs 100,000-s.f. lease and Cameron Ashley Signs 70,000-s.f. lease at buildings developed by Endeavor
Caribou Coffee signs 100,000-s.f. lease and Cameron Ashley signs 70,000-s.f. lease at buildings developed by Endeavor
Caribou Coffee Co. has signed on to lease over 100,000 square feet at Maple Grove’s Arbor Lakes Business Park.
Edina-based Endeavor Development, which is leading the development of Arbor Lakes, announced the new lease with the Brooklyn Center-based coffeehouse chain this week. Caribou is expected to move into the new space at the start of 2024, according to Josh Budish, principal of Endeavor.
The lease will take up nearly half of the fourth building developed as part of Arbor Lakes. That Class A industrial building, completed this past summer, spans 221,549 square feet.
That wasn't the only sizable deal for Endeavor this month. Greer, South Carolina-based Cameron Ashley Building Products signed a lease for 76,775 square feet at Endeavor's I-94 Logistics Center in Rogers, according to Endeavor. That building spans 263,775 square feet.
“We continue to experience demand for our assets” across its portfolio in the Twin Cities, Budish said.
Read the full article online at Minneapolis/St. Paul Business Journal.