Oppidan Investment Company and Rockpoint Group broke ground on The Bunker Lake Business Park at Bunker Lake Boulevard in Ramsey, Minnesota.
This is the third of their $157.3 million, nine-property industrial pipeline covering 1.55 million square feet on three development sites in Minnesota and North Carolina. The team broke ground on the Chaska Creek Industrial Park in Chaska, Minnesota, in October 2021 and the Apex Commerce Center in May 2022.
The Bunker Lake Business Park is a $42 million project that includes three buildings that encompasses 405,300 square feet of Class-A industrial/warehouse development on 45 acres. Its location off of US Highway 10 and Armstrong Boulevard allows for quick freeway access, and the three-building warehouse design is flexible to accommodate different types of industrial operations within the area.
The Bunker Lake Business Park will feature clear heights of 24 feet to 36 feet, clerestory windows and functional loading/truck courts.
Construction is expected to be completed in October of 2022 on the first two buildings, with the third being delivered in late 2023.