MINNEAPOLIS (Nov. 12, 2019) – United Properties has announced its plan to develop Canterbury Distribution Center in Shakopee, Minnesota. The 302,650 sq. ft. building, located at 3200 Fourth Ave. E., will be moving forward as a speculative industrial product.
United Properties purchased the 24-acre property near U.S. Route 169 and Canterbury Road from Canterbury Park in 2015. Site work on the project began in August 2019, with an expected completion in the spring of 2020.
Canterbury Distribution Center is currently the only large bulk space available in the south metro area, and the property is located less than a quarter of a mile from the Amazon Fulfillment Center in Shakopee, noted Connor McCarthy, development manager, United Properties. “We’re pleased to be developing much-needed large bulk space in the supply-constrained southern metro,” he said.
R.J. Ryan Construction Inc. is the general contractor on the project. Kris Smeltzer and Jason Meyer of Cushman & Wakefield are the leasing representatives.
United Properties also recently purchased land in Burnsville at 35 South Business Center located at the corner of Interstate 35 and Highway 13. The 96,000 sq. ft. build-to-suit industrial project represents phase four of United Properties’ 35/13 Crossings project.
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 uproperties.com and follow on LinkedIn and Instagram.
