Updated Dec 2, 2025
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
About this deal
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.
On the Map
Industrial
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Players
Maple Grove Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Deal FAQ
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