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.
Media Contacts
Jessie Timmerman
952.837.8516
jessie.timmerman@uproperties.com
Martha Nevanen
952.893.7539
mnevanen@northmarqcompanies.com
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.
