JLL will oversee leasing for the project, located directly off the Interstate 694 and County Road 14 interchange
MINNEAPOLIS (July 26, 2022) — JLL is pleased to announce that United Properties has broken ground on their new 199,919-sq.-ft. industrial building in Oakdale, Minnesota. The Class A development, dubbed the 4Front Industrial Park, will be located directly off the Interstate 694 and County Road 14 interchange. JLL’s leasing agents include Managing Director Chris Hickok, Executive Vice President Eric Batiza and Vice President Connor Ott.
The new project is a rare development in Oakdale, a suburb of St. Paul in the east metro. It will offer suites that range in size from 30,000 sq. ft. to the full 199,919 sq. ft. Sitting on 12 acres with 284 parking stalls for visitors and employees, the building will also provide 21 dock doors with levelers and three oversized drive-in doors, with the ability to add additional doors by tenant request. Floor plans are available here.
“We’re thrilled to take advantage of the industrial market momentum in the Twin Cities and bring such an unparalleled product to Oakdale,” said United Properties Vice President Connor McCarthy. “The community’s labor market is best-in-class, and the site offers employees a superb work atmosphere. We’re confident that this project will be a win-win for the city and its employers.”
Additionally, the industrial park is located less than 25 miles from the Minneapolis-St. Paul International Airport, 15 minutes from St. Paul, 25 minutes from Minneapolis, four minutes from I-94 and less than 15 miles from Atlas Cold Storage in St. Paul, making it an ideal site for medical, manufacturing and warehouse operations. Upcoming construction on I-94 and the I-494 and I-694 interchanges will also widen the north and southbound interchange bridges, as well as create auxiliary and buffer lanes, enabling trucks to navigate the ramps more easily.
4Front Industrial Park is also strategically located near several restaurants and retail options along I-694, including Costco, Whole Foods, The Home Depot, The Tavern Grill, Wild Bill’s Sports Saloon and Tamarack Tap Room.
According to recent JLL research, the Minneapolis-St. Paul industrial market has nearly 4.2 million sq. ft. under construction. 4Front Industrial Park will contribute to this growing number.
“The demand for industrial space in the Twin Cities region has not slowed down in the least and this is just one of the numerous projects United Properties is developing to answer that demand,” said Hickok. “The accessibility of 4Front Industrial Park is superior and its location is prime for medical, manufacturing and warehouse uses.”
The industrial park is slated for a June 2023 delivery.
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. For more information, visit www.uproperties.com and follow on Twitter, LinkedIn and Instagram.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $19.4 billion, operations in over 80 countries and a global workforce of more than 100,000 as of March 31, 2022. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.