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10585 Brockton Lane North

PHS West Leases 91000 Square Feet At Brockton Business Park In Corcoran MN As Tenant
LEASEDIndustrial

PHS West Leases 91000 Square Feet At Brockton Business Park In Corcoran MN As Tenant

10585 Brockton Lane North

Building Size

91,000 SF

Asset Type

Industrial

Closing

Nov 26, 2025

AI

The property involved in this lease transaction is located at 10585 County Road 101 in Corcoran, MN. It is an industrial asset with a total square footage of 91,000. The project, known as Brockton Business Park, includes features such as 32-foot clear heights, 20 docks, and 214 parking spaces.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not disclosed
  • Landlord: Hempel Real Estate & TPG Angelo Gordon
  • Tenant: PHS West
  • Market: Corcoran, MN
  • Project Size: 540,000 square feet
  • Project Features: 32-foot clear heights, 20 docks, and 214 parking spaces

JLL represented the developer, Hempel Real Estate and TPG Angelo Gordon, in this leasing deal with PHS West, who is pre-leasing the space for its new headquarters.

Players

HE
Hempel Real EstateLandlord

Maple Grove Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93