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Chicago developer Clayco will build a 1 million square foot speculative distribution center in Dayton, Minnesota, company officials announced Tuesday.
The new Cubes at French Lake project will be developed by Clayco's CRG arm and is expected to be completed sometime in 2022, officials said. Terms were not disclosed.
"The Cubes at French Lake will be CRG's first super-bulk inventory distribution facility in Minnesota and the largest speculative industrial facility developed in the state," said CRG senior vice president and partner Jeff Lanaghan.
The new building will be at 11500 Lawndale Lane on 65 acres of land that sit next to the new Dayton Parkway Interchange and close to I-94 and Hwy 610. The location is about 35 miles from the Minneapolis St. Paul Airport.