Arrowhead Electrical Products signs lease for 30,000 sq. ft. in new building

MINNEAPOLIS (Sept. 22, 2015) – United Properties recently broke ground on a second building at Blaine Preserve Business Park and signed a lease with Arrowhead Electrical Products, Inc.; the company will lease 30,000 of the 100,000 sq. ft. in the new office/warehouse building. The global distributor of rotating electrical parts already occupies 75,000 sq. ft. of the first building at Blaine Preserve Business Park, located at Hamline Avenue and 95th Avenue Northeast in Blaine.

The Blaine City Council approved development plans for the second building this summer; construction will be substantially completed by March 2016. The second building will be located directly north of the first building.

“This is a good location for Arrowhead, with close proximity to the interstate and a solid labor pool,” said Jason Flagstad, vice president-Operations, Arrowhead Electrical Products. The company expects to use the new space at least through 2022.

The first building at Blaine Preserve is also a 100,000 sq. ft. office/warehouse, constructed in 2007. United Properties plans to develop a third, 200,000-sq.-ft. office/warehouse building at the business park, pending the entitlement process with the City of Blaine this winter.

“We’re excited to be able to accommodate the growth of this long-time tenant,” said Brandon Champeau, vice president, United Properties. “We appreciate Arrowhead’s continued commitment to this site, and are proud to bring additional employment to the City of Blaine.”

Cushman & Wakefield | NorthMarq’s Brent Masica is the broker at the property. The property team includes Lampert Architects, Civil Engineering Site Design, and general contractor R.J. Ryan.

Media Contacts
Jessie Timmerman

Martha Nevanen

About United Properties

United Properties has been creating deep roots in the commercial real estate industry for more than 100 years. The company imagines new possibilities in real estate to help enrich communities and create lasting legacies. United Properties provides market expertise for ground-up development, redevelopment and acquisitions of value-add and stable investments. The company invests in and develops office, industrial, retail, mixed-use and senior housing properties. United Properties is owned by the Pohlad Companies and is headquartered in Minneapolis, with offices in Denver and Austin, Texas.



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