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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.
Graco plans to build Dayton facility for two of its operating divisions Company expects to move 225 workers from Minneapolis HQ. February 9, 2021 7:01pm Text size Copy shortlink:
Terms of the purchase were not disclosed.
The company plans to build a 500,000-square-foot facility by late 2022 to accommodate two of its operating divisions as part of the first phase for the property. McGough Construction will be general contractor.
The expansion to the French Lake Industrial Center is the latest of similar moves over the last two decades by Graco, which makes industrial pumps and sprayers used by car manufacturers, construction contractors plus makers of tomato paste, peanut butter and other foods.
Graco Inc.
(NYSE:GGG), a leading manufacturer of fluid handling equipment, announces it has purchased approximately 100 acres of undeveloped land in Dayton, Minnesota. The parcels, which are part of the French Lake Industrial Center, are flanked by West French Lake Road to the north and east, and Brockton Lane North to the west.
Graco, headquartered in Minneapolis, also operates facilities in Anoka and Rogers, Minnesota as well as around the world. The Dayton campus is a couple of miles from each of Graco’s two existing buildings in Rogers. The land will support Graco’s sustained growth by allowing two of its three business divisions currently operating in Minneapolis to relocate.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Graco Finalizes Purchase of Land in Dayton, Minnesota
February 4, 2021 GMT
Graco Inc.
(NYSE:GGG), a leading manufacturer of fluid handling equipment, announces it has purchased approximately 100 acres of undeveloped land in Dayton, Minnesota. The parcels, which are part of the French Lake Industrial Center, are flanked by West French Lake Road to the north and east, and Brockton Lane North to the west.
Graco, headquartered in Minneapolis, also operates facilities in Anoka and Rogers, Minnesota as well as around the world. The Dayton campus is a couple of miles from each of Graco’s two existing buildings in Rogers. The land will support Graco’s sustained growth by allowing two of its three business divisions currently operating in Minneapolis to relocate.