“This facility is one of the more cutting-edge buildings in the market and is set up specifically for a sophisticated manufacturing firm, so we knew it would take some time to sell,” said Chris Hickok, vice president, United Properties Brokerage. “We identified a number of companies that could have worked in the space, but Proto Labs was by far the best fit for the location and the property.”

Proto Labs, Inc. purchase is one of the latest office warehouse expansions in the northwest market, which has seen an increase in the last several months of industrial renewals and expansions due to a lack of available space, according to United Properties latest Outlook study.

About United Properties
United Properties is a full-service commercial real estate company with more than 500 employees and 30 million square feet of office, industrial, retail and multi-family properties under management. The company specializes in diverse real estate services, including brokerage, property management, corporate real estate services, construction management and development.

Based in the Twin Cities, United Properties serves other markets through its affiliations with ONCOR International, an organization of commercial real estate companies serving more than 200 markets throughout the world, and ChainLinks Professional Resource Network, the largest retail-only full-service real estate provider in North America. The company received the 2004 National Developer of the Year Award from the National Association of Industrial and Office Properties (NAIOP), the commercial real estate industry’s leading trade association. United Properties is located on the web at www.uproperties.com.