The property asset involved in this lease transaction is located at 6131 Blue Circle Drive, Eden Prairie, MN. The asset type is classified as Industrial, encompassing a total size of 92,224 square feet. This leasing arrangement marks a significant move for HM Cragg as they transition to this location, relocating operations from Edina to this newly leased facility.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not disclosed
• Lease Date: 01/29/2025
• Landlord: Endeavor Development
• Tenant: HM Cragg
• Landlord's Representative: James DePietro & Matt Oelschlager - CBRE
• Tenant's Representative: Jay O’Brien - Great Places Co.
• Projected Completion of Redevelopment: Late 2026
• New Facility Opening: Early 2026

Endeavor Development is in the process of redeveloping the former American Family Insurance campus, which consists of a two-building project. This development is expected to serve as the new operational base for HM Cragg upon its completion. The representatives involved, including James DePietro and Matt Oelschlager for the landlord, and Jay O’Brien for the tenant, played key roles in facilitating this agreement.