December 6, 2018
Meritex is nearing completion on two 144,000-square-foot bulk-distribution buildings in the Minneapolis suburb of Roseville, MN, totaling 288,000 square feet. The facilities, known as Highcrest II and III, have already been well-received in the market.
“We’ve seen an increase in companies looking to take advantage of the 32-foot clear height and excellent access to Interstate 35W,” said Ben Lieser, Minnesota regional manager at Meritex. “Leasing activity has been strong, with 36,000 square feet already signed with a multinational company.”
Highcrest II and III were constructed after the acquisition and demolition of a 360,000-square-foot industrial property, formerly known as the Minnesota Technology Exchange building. Meritex acquired that property in November 2017.
The site is across the street from Meritex’s fully-leased Highcrest Distribution Center I. A Cushman & Wakefield team of David Stokes, Todd Hanson, Jason Sell, Chris Weirens and Ian Thompson is handling leasing for Highcrest II and III.
For comments, questions or concerns, please contact Paul Bubny