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MAS HVAC, an air-conditioning gear producer, has signed a 150,000-square-foot lease at Endeavor Improvement’s Arbor Lakes Enterprise Park in Maple Grove, Minn. The tenant will use the area as its new headquarters, along with manufacturing and logistics operations, beginning in January 2024.
Cushman & Wakefield Govt Director Brent Masica negotiated on behalf of the tenant. In response to the proprietor’s web site, CBRE is answerable for advertising the property.
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MAS HVAC will transfer within the upcoming Constructing VI—a 203,020-square-foot facility that’s at present beneath building inside the Arbor Lakes Enterprise Park. The constructing is deliberate to incorporate a 15,000-square-foot workplace part. Building began earlier this yr, as a part of the mission’s second section of improvement.
Arbor Lakes is a 50-acre master-planned industrial park, slated to incorporate 9 buildings comprising 1.9 million sq. ft, in accordance with CommercialEdge knowledge. Endeavor is growing the park in a three way partnership with PCCP.
The primary section included buildings I and II, at present leased by a number of tenants—ILLUME, Industrial Netting, Sensiva, Dane Applied sciences and Mikros Engineering—CommercialEdge additionally reveals. Subsequent phases will doubtlessly see the development of 5 extra buildings.
Different industrial developments within the area embrace The Opus Group’s latest tasks, totaling 380,000 sq. ft. In February, the corporate accomplished the 130,439-square-foot Nordeast Enterprise Heart in Minneapolis, the 137,178-square-foot Sanctuary Enterprise Heart in Blaine, Minn., and the 111,820-square-foot Johnny Cake Enterprise Heart in Apple Valley, Minn.
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