Leasing momentum in Duke Realty’s Minneapolis-St. Paul industrial portfolio continued to be strong in the third quarter of 2014, with the company’s local team completing 182,500 square feet of leases in its metro-area portfolio.
This activity, coupled with the 1.4 million-square-foot in leases Duke Realty completed in the first half of the year, brought the Minneapolis-St. Paul portfolio to 100 percent occupancy. During the quarter, the office also executed a lease with Blu Dot, a designer and distributor of modern home furnishings, for a 150,064-square-foot, build-to-suit industrial building, its third in the Gateway North Business Center this year.
The leases completed by Duke Realty in the third quarter include:
MPV Logistics LLC signed a new lease for 47,781 square feet in Medicine Lake Industrial Center, located at 10205 10th Ave. in Plymouth. Josh Huempfner with Upland Real Estate Group was the broker for MVP Logistics. Mark Sims with Cassidy Turley was listing broker for Duke Realty.
Local Motion International signed a new 30,740-square-foot lease in Crosstown North Business Center 10 located at 9200-9250 Xylon Ave. North, Brooklyn Park. Colin Quinn with Colliers International represented Local Motion. Noam Newman with Cassidy Turley was the listing broker for Duke Realty.