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2017 Second Quarter Update

07/20/2017

 

It’s hard to believe we are already halfway through 2017! Check out Arrow Companies second quarter blog below to see what buyers, sellers, tenants, and landlords across the Twin Cities area we have been representing and what has been going on with our contracting projects.

Seller Representation 

Arrow Companies sold a turn-key day care building during the second quarter. This building is located at 9475 Revere Lane in Maple Grove. Arrow currently has four properties under contract that are expected to close during the second quarter (3380 Annapolis Lane in Plymouth, 14310 Northdale Blvd in Rogers, 17201 113th Ave N in Dayton & 14360 James Road in Rogers)

Landlord Representation

Arrow represented landlords in Osseo, Maple Grove, Elk River and Otsego during the Second Quarter leasing office, retail, and industrial spaces. Learning RX leased space at the Bell Tower office building in Osseo. In Maple Grove, Zemble Enterprises leased 15,000 SF of industrial space at 10883 89th Ave N. Also on 89th Ave N, Factory Motor Sports leased a 4,800 SF warehouse bay at 10900 89th Ave N. In Elk River at 11044 Industrial Circle, Premier Sheet Metal expanded into Suite Q. Arrow leased two spaces in Otsego during the Second Quarter. The first space was at 16201 90th Ave NE to Business Cents, and the second was at 9040 Quaday Ave NE to Danmare Group Inc.

Tenant Representation

Arrow worked with the following companies in leasing space in the Twin Cities area.

  • Axia Home Loans
    • 1,875 SF
    • 6500 City West Pkwy, Minnetonka
    • Commencing August 1st
  • Avar Tec
    • 5,625 SF
    • 9249 East River Road, Coon Rapids
    • Commencing August 1st
  • 18/8 Fine Men’s Salon
    • 1,490 SF
    • Wayzata East Promenade Block
    • Construction to begin September 1st
  • Infinity 8
    • 3,300 SF
    • 12510 Fletcher Lane, Suite I Rogers
  • Land Home Financial
    • 1,407 SF
    • Wayzata

General Contracting

Construction on the Sycamore Commons office building in Maple Grove is making great progress. Tenants are tentatively scheduled for move in October and November of this year. All utilities were completed during the Second quarter. Final details are being completed on the exterior glass and EFIS. Wondering what is next? Curbing and parking surface are scheduled to begin in July along with the retaining wall and landscaping.

Posted in: commercial real estate, construction, Quarterly Update,
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2017 First Quarter Update

04/10/2017

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

Posted in: commercial real estate, general contractor, Quarterly Update,
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2016 Second Quarter Update

06/30/2016

 

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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2016 First Quarter Update

04/01/2016

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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