CRG has completed construction on The Cubes at French Lake, an industrial development of more than 1 million square feet in Dayton, Minnesota.
Its completion marks Minnesota’s largest speculative industrial project to date and the state’s first super-bulk inventory distribution facility.
CRG has engaged CBRE’s Dan Swartz, James DePietro and Austin Lovin to market and lease the property.
Located at 11500 Dayton Parkway North, the cross-dock warehouse began construction in 2022. The property features modern specifications, including 40’ clear heights, ESFR sprinkler systems, high-efficiency LED lighting, 652 parking spaces, a 185’-depth concrete truck court, 231 trailer parking spaces, 100 9’x10’ grade-level dock doors with 69 reserved for future expansion, four 14’x16’ drive-in dock doors and 60’ speed bays.
The property sits on 65.1 acres and is approximately 35 miles from the Minneapolis-Saint Paul International Airport and 20 miles from downtown Minneapolis. It offers tenants quick access to U.S. Interstate 94 via the Dayton Parkway interchange.
Minneapolis’ Northwest submarket has the largest concentration of developments in the market, accounting for 46% of the total construction underway in the fourth quarter of 2023, according to CBRE Research. Leasing on new construction remained a priority in 2023. In the Northwest submarket, leasing on new construction accounted for 39% of its total leasing activity in 2023.
CRG integrated partner Lamar Johnson Collaborative designed the property, and its parent company, Clayco, served as the design-builder. Additional project information and renderings are available on the detailed project page at RealCRG.com.
