Duke Realty Corporation‘s Minneapolis-St. Paul office will be the general contractor for Wagner SprayTech Corporation‘s (Wagner) new 220,000-square-foot facility in Gateway North Business Center in Otsego, Minnesota.
Constructed on a 12.3-acre parcel between two existing buildings in the park, the building will be used as a warehouse and distribution center for the Plymouth, Minn.-based company that develops and markets paint sprayers, applicators and decorating products.
Construction of Wagner’s new facility will begin in the second quarter with delivery slated for the fourth quarter of 2016. The building will have 5,000-square-foot office, 36′ clear height and have the capability to be expanded by another 50,000 square feet. Wagner will relocate from its existing facility in Brooklyn Center when the building is complete.
Gateway North Business Center fronts Highway 101, between county roads 36 and 37, and is located a few minutes north of the I-94/Highway 101 interchange. Following the delivery of Wagner’s new facility, Gateway North Business Center essentially will be fully developed with remaining land in the park being held for existing tenants.
Paul Bickford with Colliers International and Fred Hedberg with Paramount Real Estate represented Wagner in the transaction. Dan Swartz with CBRE and Mr. Budish represented Duke Realty.
