The Opus Group recently announced key leases for office and retail space on Main Street in the Arbor Lakes development in Maple Grove, Minn., and the recent sales of 1.3 acres of land to KF Dental Company LLC and 1.39 acres of land to Freddy’s Frozen Custard & Steakburgers.
“We’re excited to welcome an array of great businesses to both the Arbor Lakes North End Office and Retail Building as well as the Fountains at Arbor Lakes,” said Nick Murnane, real estate representative at Opus Development Company, L.L.C., in a written statement. “These leases are representative of the increased activity we have continued to see throughout Maple Grove over the past few months and demonstrate the strength of this market.”
Pro Ag Management Inc. will occupy 9,179 square feet of space on the second floor and is joining Brook West Family Dentistry, which recently extended its lease for 6,212 square feet of space. With the addition of Pro Ag Management Inc., the office space is now 100 percent leased. Additionally, Sola Salon Studios signed a lease to occupy 4,524 square feet of ground-level retail space in the same building.
The land parcel sold to KF Dental LLC is located at 11301 Fountains Drive North in the Fountains at Arbor Lakes development, and the land parcel sold to Freddy’s Frozen Custard & Steakburgers is located at 11201 Fountains Drive.
Matt Delisle represented Pro Ag Management Inc. and Jim Damiani and Bryan Beltrand represented Opus in the office transaction. Tony Strauss represented Sola Salon Studios and Molly Murnane and Kris Schisel represented Opus in the retail transaction. All brokers were from Colliers International.
Ben Krsnak of Hempel Companies represented KF Dental LLC and Zach Stensland of Colliers International represented Freddy’s Frozen Custard & Steakburgers in the land sale transactions. Chris Simmons and Kris Schisel, also from Colliers International, represented Opus in both land sale transactions.