Building will house its specialty construction and industrial division
MINNEAPOLIS (Sept. 9, 2015) – United Properties announces that it has signed a lease with HD Supply for its 31,000-sq.-ft. industrial building in Mendota Heights. One of the largest industrial distributors in North America, HD Supply will move into the single-story office warehouse building in late 2015. Located at 1400 Commerce Drive near highways 494 and 55, the building is within Mendota Heights Business Park, developed by United Properties.
HD Supply will operate its specialty construction and industrial division from the building, expanding its reach in the Minneapolis metro area from the current Plymouth location. The company provides a range of products and value-add services in maintenance, repair and operations, infrastructure and power and specialty construction sectors.
The transaction team included landlord representative Tony DelDotto of Cushman & Wakefield | NorthMarq, and HD Supply representatives Matthew Dornak of Stream Realty and Eddie Rymer of Carlson Commercial. “We were pleased to have a building with the perfect combination for HD Supply’s needs: the precise size and their ideal location,” said John Saunders, senior vice president, United Properties.
United Properties developed the single story building in 1991; it was previously occupied by Lennox PartsPlus. The industrial property is part of Mendota Heights Business Park, a mixed-used commercial, office and industrial development that includes the multi-phased Mendota Place, Mendota Heights Business Center, Brown College’s Le Cordon Bleu Culinary School and Courtyard by Marriott Hotel.
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 50 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.