Supply chain specialist takes nearly half of industrial building
MINNEAPOLIS (March 2, 2015) – United Properties announces that it signed a lease with Bunzl Distribution at its Red Rock Industrial Building in Maple Grove. A North American nonperishable goods supply chain specialist, the company will take 155,000 sq. ft. of 320,000-sq.-ft. industrial building and move in when construction is complete in June 2015.
The company will relocate to the new 32-foot clear ceiling building from its current branch location in Fridley.
“We identified Bunzl Distribution as a potential lead tenant for the building when we broke ground in September,” said Brandon Champeau, vice president, United Properties. “We are excited to have them in the building.”
Cushman & Wakefield | NorthMarq’s Jon Yanta, Jason Meyer and Brent Masica are the leasing team at the property. Bunzl Distribution was represented by Mark Sonnenberg of NAI LaSala-Sonnenberg and Duane Poppe of Transwestern. The property team includes Lampert Architects, engineer EVS, Inc. and general contractor RJM Construction.
About United Properties
United Properties, based in Minneapolis, specializes in commercial real estate development and investment. Since 1975, United Properties has provided development services for the retail, residential, office, medical and industrial sectors. In addition to a large presence in the Minneapolis-St. Paul market, United Properties’ Colorado division develops retail, office and industrial buildings. Formed in 1916, the United Properties investments group acquires, manages, finances and disposes of the company’s real estate investments, which includes nearly 60 office, medical, industrial and retail assets in Minnesota, Wisconsin, Illinois and Colorado. For more information, visit www.uproperties.com or follow on Twitter at @UPDeepRoots.