Duke Realty Corporation’s Minneapolis-St. Paul office has executed a long-term lease agreement with Room & Board, the Minneapolis-based furniture and accessories retailer for a 485,804-square-foot, built-to-suit industrial facility in the Gateway North Business Center in Otsego, Minn.
Scheduled for delivery in early 2015, the new distribution center is being built on 21.45 acres within the 130-acre master-planned industrial park by Duke Realty.
Room & Board’s new facility features frontage along Highway 101, 32-foot clear height, 50 dock doors, five drive-in doors, 50-foot-by-50-foot column spacing and abundant car and trailer parking. The facility also will include a 5,000-square-foot office.
Tom Hauschild and Dan Johnson with Tegra Group represented Room & Board.
Gateway Business Center North is located in Otsego just a few minutes north of the I-94/Highway 101 interchange. Following the completion of Room & Board and Ruan’s build-to-suit facilities, Gateway Northwest Business Center will boast three buildings totaling 935,000 square feet. An additional 21 acres is available in Gateway North for an additional 450,000 square feet of industrial development.
