MINNEAPOLIS – Cassidy Turley, a leading commercial real estate services provider in the U.S., announced today that Minneapolis-based Meritex, which manages over 9 million square feet of commercial real estate throughout the U. S., has selected Cassidy Turley’s Timothy Olsen and Noam Newman to market the 243,999-square-foot Diamond Lake Industrial Center I.
“We’re pleased to have this opportunity to strengthen our relationship with Meritex,” said Mr. Olsen, Associate Vice President. “We’re confident that the market will respond well to this product, given the current positive market conditions for this product type and lack of available alternatives.”
Located in the highly desirable Rogers Industrial Park in the Northwest submarket, Mr. Newman, an Associate at Cassidy Turley, pointed out that this facility is one of the last remaining existing opportunities for state-of-the-art modern bulk warehouse space.
“We believe the site will be attractive to businesses seeking a modern functional distribution facility in the Northwest metro area,” said Meritex’s Steve Dorff, Asset Manager for the property. “Meritex is pleased to partner with one of the leading brokerage firms in the Twin Cities. Together, we will ensure smooth lease negotiations, space design, move in and construction at this property.”
Located at 12999 Wilfred Lane North, Rogers, MN, Diamond Lake Industrial Center I has easy access to Interstate 94 as well as county roads 81 and 101, and is adjacent to area retail amenities. The property has end-cap space available, and is equipped with 32-foot clear height, 45-foot-by-45-foot columns, 180-foot deep truck courts, onsite trailer storage and dock loading equipped with seals and levelers. It currently has 213,511 square feet available for lease.