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.