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Industrial construction and leasing activity in the Twin Cities continued at a feverish pace in the final quarter of 2021, and more of the same is expected in the coming year, according to a new report from JLL’s Minneapolis-St. Paul office.
JLL closes $11.25 million sale of corporate center in Twin Cities market May 25, 2021
JLL represented the seller, Onward Investors, LLC, and procured the buyer, WinPark Associates, LLC.
Minnetonka Corporate Center is located at 5900-5950 Clearwater Drive about 15 miles southwest of Minneapolis’ central business district. The 8.42-acre site has immediate connectivity to regional thoroughfares, including Highway 62 and Interstates 494 and 394, and is not far from the Minneapolis-St. Paul International Airport.
Renovated in 2004, Minnetonka Corporate Center is 100 percent leased to six tenants. The property features 11-foot to 16-foot clear heights in the warehouse/production space, 9-foot clear heights in the office buildout, five dock doors and four drive-ins.