CRG announced that Daedex, the national custom data center cooling equipment manufacturer and subsidiary of MAS HVAC, has signed a long-term lease for the remaining 503,440 square feet at The Cubes at French Lake, a 1,006,880-square-foot Class-A industrial development in Dayton, Minnesota.
Located at 11500 Lawndale Lane, just northwest of Minneapolis, The Cubes at French Lake is the largest speculative industrial project ever developed in Minnesota.
With this lease, The Cubes at French Lake is now fully leased, affirming strong demand for modern, high-capacity logistics and manufacturing facilities in the Minneapolis-St. Paul metro. Daedex joins States Manufacturing Corporation, which previously leased the other half of the building in a transaction announced in January.
Designed to accommodate large-scale distribution and manufacturing operations, the cross-dock warehouse was completed in 2024 and features 40-foot clear heights, ESFR sprinkler systems, LED lighting, 169 dock doors, four drive-in doors, 60-foot speed bays, and ample trailer and vehicle parking.
The two leases at The Cubes at French Lake are the largest signed in the Minneapolis-St. Paul metro in the past three years, according to CBRE research. CBRE Senior Vice Presidents Dan Swartz and James DePietro and First Vice President Austin Lovin represented CRG in the lease transactions, while Brent Masica and Danny McNamara of Cushman & Wakefield represented the tenant.
Located on 65 acres near the intersection of County Road 81 and Dayton Parkway, The Cubes at French Lake offers immediate access to Interstate 94 via the Dayton Parkway interchange. The development is approximately 35 miles from Minneapolis-Saint Paul International Airport and 20 miles from downtown Minneapolis.
According to CBRE’s second-quarter 2025 industrial report, the Minneapolis-St. Paul metro’s industrial vacancy rate was 3.9%, versus the national rate of 6.6%.
The Cubes at French Lake was designed by CRG integrated partner Lamar Johnson Collaborative, while its parent company, Clayco, served as general contractor.
