States Manufacturing Corp. Signs 503440 SF Lease At The Cubes In Dayton With CRG

The asset involved in this transaction is an industrial property located at 11500 Lawndale Lane in Dayton, MN. The facility encompasses a total size of 503,440 square feet and is part of The Cubes at French Lake. Developed by CRG, the property features a 40-foot clear height and is equipped with 169 dock doors. This facility is recognized as the largest speculative industrial project ever completed in Minnesota.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not provided
• Address: 11500 Lawndale Lane
• Market: Dayton, MN
• Size: 503,440 SF
• Landlord: Bob Clark & Shawn Clark - CRG
• Tenant: Wyatt Shallbetter - States Manufacturing Corp.
• Landlord's Representative: Austin Lovin, Daniel Swartz & James DePietro - CBRE
• Tenant's Representative: Brent Masica & Danny McNamara - Cushman & Wakefield

States Manufacturing Corp. has signed a lease for half of the facility, marking a significant milestone as the largest industrial lease in the Twin Cities within the past two years. The transaction highlights the increasing demand for industrial space in the market.