Arrow has been off to a busy start this year, representing buyers, sellers, tenants and landlords across the Twin Cities area. Arrow has also been extremely busy on the contracting side of our business. Take a look at what we have been up to from January through March of 2017!!!

 

 

 


Seller Representation 

Arrow Companies sold two industrial buildings during the first quarter. Totaling 37,354 SF of space. These properties were located at 1167 Viking Drive in Maplewood and 17171 113th Ave N in Dayton. The following properties are currently pending and are expected to close during the second quarter-


Landlord Representation

Arrow leased multiple office, retail, and industrial spaces during the first quarter. See the first quarter transactions below-

  • Fidelity Building Services leased 4,841 SF of space at 1136 114th Ave in Coon Rapids.
  • Arrow leased 10,000 SF to Big Picture Twin Cities 5929 Brooklyn Blvd in Brooklyn Center.
  • Keller Williams leased 7,981 SF of space at the Bell Tower office building in Osseo.
  • Get it Done Fitness leased space at 224 County Road 81 in Osseo commencing March 1st.
  • Arrow lease 11650 96th Ave N in Maple Grove to Fierce Play Fitness
  • Aitkens Essentials, Inc. leased 4,600 SF of space at 11520 96th Ave N in Maple Grove.
  • Peak Potential Family Chiropractic leased 1,536 SF at 16190 State Hwy 7 in Minnetonka.
  • 9040 Quaday Ave in Otsego was leased to Clear Point Construction in February.
  • Arrow renewed Fresenius Medical’s lease at 7365 Kirkwood Court North in Maple Grove.

Tenant Representation

Arrow worked with the following companies in leasing space in the twin cities area.


General Contracting

Arrow Contracting finished a state of the art industrial building along Hwy 101 in Otsego. This 55,000 SF machine shop building is the new home to P&F Machining. Construction on the Sycamore Commons office building in Maple Grove is going full speed ahead. This week contractors are continuing to frame the exterior and the roofing and underground plumbing was started. Within the next week or so underground electrical will be started. Arrow is also working on a few tenant improvements/expansions at Waterfront Commons II in Otsego.

P&F Machining

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On November 3rd, Arrow Contracting broke ground on the new Sycamore Commons Office Building. This new building will be a 33,852 SF two-story office building on the Maple Grove water tower site. The office building will sit along I-494 with parking on all sides. Access to the property will be from Sycamore Lane North. The building will house two tenants, Nexus Solutions, LLC and Barton, Walter and Krier, PC. Both tenants will both occupy a floor of the building. Construction is expected to be completed by July of 2017.

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On October 17th, the City of Maple Grove approved the Sycamore Commons Development. This development will include a 33,852 SF two-story office building on the Maple Grove water tower site. The office building will sit along I-494 with parking on all sides. Access to the property will be from Sycamore Lane North. The building will house two tenants, Nexus Solutions, LLC and Barton, Walter and Krier, PC. Both tenants will both occupy a floor of the building. Arrow Contracting will tentatively break ground in early November, and is expected to be completed by July of 2017.


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Posted in: commercial real estate, Community Update, construction, general contractor, Office,
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During the third quarter Arrow Companies has been representing buyers, sellers, tenants and landlords across the Twin Cities area. Again this quarter, we have also been busy on the contracting side of our business. Read on to see what we have been up to in July, August and September!!!

Seller Representation

Arrow Companies sold four properties for a total of 68,807 SF, totaling $4.98 million of real estate this quarter. You can click on the property address below for more information on the sold properties.

The following properties are currently pending and are expected to close during the fourth quarter. Click on the address to view more information.

During the third quarter Arrow has listed four new ‘For Sale’ properties. Click on the addresses below to view more information about the properties.

Landlord Representation

Arrow leased space at the North 101 building in Rogers to Front Porch Musical Theater. Front Porch took occupancy of their new space in July! For more information about Front Porch visit their website at http://www.frontporchmusicaltheatre.com/

Tenant Representation

Arrow worked with JPiper Media on leasing 3,350 SF at 11316 86th Ave in Maple Grove. Arrow also represented Crossfit Una Stamus Fitness in leasing 3,960 SF at 13465, 13469 & 13471 Business Center Drive NW in Elk River. Lastly, Arrow represented Maple Grove Wellness Center, Inc. in a lease renewal at 11238 86th Ave in Maple Grove.

General Contracting/Development

Arrow Contracting has been busy during the third quarter. The 54,500 SF building located in Otsego that will be the new home for P&F Machining has been progressing smoothly. During the last quarter the roof has been completed and the concrete curbs have been poured. The next step is to pour the interior concrete flooring!!! Arrow Contracting also added two garage doors at the Long Haul Trucking building in Albertville, and finished a tenant improvement remodel project for Projectory Partners at their new 2,031 SF office space at Crescent Ridge II Office Building in Minnetonka. Arrow currently has an application into the city of Maple Grove for developing a new 33,852 SF two-story office building. This building would tentatively break ground in November.

New Conference Room at Projectory Partners!

New Conference Room at Projectory Partners!

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Image- Hwy 610

Starting to wonder when the road construction in Maple Grove will end? The large construction project linking Hwy 610 to I-94 has been under way since April of this year. This project has closed multiple roads and created new ones. All with the goal of creating lasting commuting benefits.

The major closure being Maple Grove Parkway between Co Rd 81 and 99th Ave North. During the closure the traffic has followed the detour using Co Rd 81, Fernbrook Lane N and 99th Ave N. On the other hand, a half mile segment of 101st Ave N between Fernbrook Lane N and I-94 has been closed permanently. In return, 105th Ave W. has been extended from Holly Lane N. across I-94 to create a new intersection with 101st Ave N. Other closures have included non-rush hour lane closures on Co Rd 81 and I-94.

How will the current closures will benefit you in the future? The plan includes realigning and extending Hwy 610 from its current location at Co Rd 81 and Elm Creek Blvd to I-94 while adding an interchange at Maple Grove Parkway. The goal is to increasing highway capacity, supporting economic development and improving the movement of freight according to the MNDOT website.

The Minnesota Department of Transportation states that the construction should be complete by late October 2016, so let’s all keep our fingers crossed!

For more information, visit http://www.dot.state.mn.us/metro/projects/610west/

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The new P&F Machining building located off Hwy 101 in Otsego is off to a great start. President of Arrow Companies, Chad Weeks, says he is very happy with how the project is progressing. He said the project is on track to be completed this December. The pre-cast panels are up and the utilities are now all in. The next step is to install structural steel at the end of July. Check out our latest video to see the progress over the last few weeks!!!

Posted in: construction, design build, general contractor, Industrial, land development,
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It’s hard to believe that 2016 is already half over. During the second quarter we have been representing buyers, sellers, tenants and landlords across the Twin Cities area. Arrow has also been busy on the contracting side of our business. Take a look at what we have been up to from April to June!!!

Seller Representation

Arrow Companies sold a 10,021 SF retail building during the second quarter. This property is located at 13000 Technology Drive in Eden Prairie. The following properties are currently pending and are expected to close during the third quarter-

Buyer Representation

During the second quarter Arrow represented a few buyers in the Northwest Metro area. First, Arrow represented a veterinary clinic in purchasing land at 1730 39th St NW in Andover. Next, Arrow represented a buyer in purchasing a 1,560 SF office condo at 3515 Plymouth Blvd, Suite 104 in Plymouth. Lastly, Arrow represented JCS Investments, LLC in purchasing a 15,773 SF industrial building at 14650 Quiram Drive in Rogers (picture of this property displayed above).

Landlord Representation

Arrow leased multiple office condo spaces during second quarter. Counseling and the Therapeutic Support Services leased space at 568 Bavaria Lane in Chaska. Main Line Energy Consultants leased space at 11272 86th Ave N in Maple Grove commencing May 1st. The last office condo space Arrow leased was 3370 Annapolis Lane in Plymouth. This 3,072 SF space was leased by Passport Health.

Tenant Representation

Arrow worked with Brightstar Care in leasing 893 SF at 12805 Hwy 55 in Plymouth. Arrow also represented Land Home Financial Services in leasing two spaces. These spaces include 4,730 SF at 9010 Quantrelle Ave in Otsego, and 1,560 SF at 3515 Plymouth Blvd, Suite 105 in Plymouth.

General Contracting

Arrow Contracting has been off to a busy start this second quarter. The P&F Machining project kicked off in the end of May. This project will be a 54,500 SF building located off Hwy 101 in Otsego. Arrow is also wrapping up a tenant improvement remodel project for Projectory Partners at their new 2,031 SF office space at Crescent Ridge II Office Building in Minnetonka.

Posted in: commercial real estate, construction, general contractor, Landlord Representation, Quarterly Update, Seller Representation, Tenant Representation,
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The office condo market has been off to a fast start in 2016. Arrow Companies has already been involved in multiple office condo transactions. Arrow has also recently listed office condos “For Sale” and “For Lease”. Check out what’s been going on in Maple Grove and Plymouth below. And, If you are interested in selling or leasing your office condo contact Arrow Companies today!!!

Maple Grove

Arrow sold a two level 3,350 SF office condo at 11324 86th Ave North in Maple Grove to JB Strand Properties, LLC in February. Also in Maple Grove, Arrow represented the landlord at 11272 86th Ave N in leasing their lower level (1,600 SF) to Main Line Energy Consultations, LLC. Main Line Energy Consultations occupied their new space in the beginning of May.


Plymouth

Plymouth has also been a busy city for office condo deals!!! In March, Arrow represented the landlord in leasing the main level (1,410 sf) at 3350 Annapolis Lane N. to Curdco, Inc. Additionally, Arrow Companies leased 3370 Annapolis Lane, Suite B (3,072 SF) to Passport Health Communications &  Land Home Financial leased 3515 Plymouth Blvd, Suite 105 (1,560 SF). Lastly in Plymouth Arrow represented the Buyer at 3515 Plymouth Blvd, Suite 104 in Plymouth on the purchase of the 1,560 SF office condo.


Contact Jeff Penfield by email or phone today if you are interested in Selling or Leasing!!! jpenfield@arrowcos.com | 612.325.2067

Posted in: commercial real estate, Office, Seller Representation, Tenant Representation,
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Keller Williams Realty Integrity Northwest moved from their Elk River location to the Waterfront Commons II building (16201 90th St NE, Otsego) on March 1st. Their new space is 10,947 SF. This spaces tenant improvement were completed by Arrow Companies. The improvements included new carpet and paint, as well as, adding additional office and conference rooms. Keller Williams awnings and signage were also added to the building. Additionally, Arrow also modified this space for two separate sublease spaces. Keller Williams is currently leasing these two spaces to Liberty Title and Marketplace Mortgage.


 

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It’s been a busy first quarter of 2016 for Arrow Companies. We have been representing buyers, sellers, tenants and landlords across the Twin Cities area. Take a look at our commercial real estate activity from January to March!!!

Seller Representation 
Arrow Companies sold a total of six properties totaling $2.025 million during the first quarter. Click on the addresses below to view more information about the specific properties.

Landlord Representation
Arrow Companies was extremely active in leasing during the first quarter. We leased Suite 200 at the 21st Century Bank Building in Blaine. We also leased two spaces at the newest building constructed by Arrow Contracting, locate 200-206 Ryan Drive in Little Canada. Arrow also leased office space to McCrossan at Raven Investment’s building in Maple Grove (10900 89th Ave N). Three suites at the Elk River Industrial Development building were lease by Arrow to: The Hotel Legacy Group, Active Sale Associates and Poly-Glass Coatings Limited. Mortgages Unlimited leased 679 SF of office space 9040 Quaday Ave in Otsego and Keller Williams leased 10,590 SF at the Waterfront Commons II Building located at 16201 90th Ave in Otsego. Arrow also leased 1,225 SF of retail space at 9125 Quaday Ave in Otsego to a new tattoo shop. Lastly, Arrow leased 1,413 SF at 3350 Annapolis Lane in Plymouth.

Tenant Representation
Arrow worked with many companies in the metro area this quarter. We assisted them with leasing or renewing space. Arrow renewed Henningson and Snoxell’s (11,200 SF) lease in Maple Grove and Life Health’s (35,040 SF) lease in Roseville. Arrow also helped Bay Equity lease space in Rogers, All Star Construction Management in Hopkins, Great American Financial in Waconia, Maple Grove Hospital in Maple Grove, and Niemel Construction in Otsego.

Posted in: commercial real estate, Landlord Representation, Quarterly Update, Seller Representation, Tenant Representation,
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