Arrow Companies is proud to represent Bell Tower South, LLC in the execution of a new lease with RE/MAX Results in Suite 300 at 7373 Kirkwood Court N Maple Grove, MN.

Our friends at RE/MAX comment, “RE/MAX Results is very excited about growing our footprint in the Maple Grove community and surrounding areas. After outgrowing our former Maple Grove office location, we knew we had to expand our facilities to better accommodate our customers, the Sales Executives at RE/MAX Results. Our new location at 7373 Kirkwood Court N Suite 300, Maple Grove will continue to offer full service to home buyers and sellers that includes real estate, title and mortgage services. With nearly 10,000 square feet, the office features spacious window-lined Class A offices with custom-built Lacasse furniture, executive conference rooms, and drop-in workstations for our offsite Sales Executives. At RE/MAX Results, we pride ourselves in offering only the finest facilities to our customers.”

Posted in: commercial real estate, Landlord Representation, Office,
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On October 2nd , 2020 Arrow Companies helped a client, Jesse Myhre, close on 9274 Wellington Lane N in Maple Grove, MN for a selling price of $1,500,000. Tenants currently in the building include ProGrade Auto Experts, El Rojo Wholesome Distribution, J&A Services, and R&N Complete Auto Repair. Jesse’s company, JM Automotive will be occupying 8,160 SF of the 20,428 SF building. Arrow Companies has also added this property to their Property Management portfolio.. There is one 4,080 SF Office/Warehouse space Available FOR LEASE within the building. Click here to check out the brochure for the space.  Arrow takes pride in clean and well  maintained properties, therefore we are eager to get to work! Jesse and Arrow Companies are working together to clean up the outside landscaping and parking lot, complete tenant improvements, and make a variety of other updates to the property. We are looking forward to what the future holds for JMA Properties LLC and are excited to take you all on the journey with us!

Posted in: commercial real estate, property management,
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Corona Chaos

09/08/2020

In the middle of March 2020 the Coronavirus swept through the land. This pandemic affected Arrow Companies along with many other businesses. Being a commercial real estate company, we had to learn to be flexible and lenient with our tenants who were struggling to run their businesses and keep up with payments. To help tenants, owners started to defer loan payments altogether or switched their loans to interest only. We also informed our tenants of the many small business grants they could apply for which helped to keep them afloat as well. While businesses were working from home or unable to work at all, we saw a decrease in operating expenses such as Electricity, Water, and Garbage in all our buildings. Now that states have started to reopen, businesses are getting back to their workspace. Although we are excited to have some normalcy back in our lives, we are continuing to take many precautions due to Covid-19. In each building our Property Managers posted Covid-19 signs on all entrance doors, set up sanitation stations, and devised outbreak plans. One of our Property Managers describes these times as a “different kind of busy”.

Not only is the office busy, but Arrow Contracting has kept busy throughout this pandemic as well. The Fernbrook View Apartments project has developed considerably throughout the course of a few months.  We have also had several tenant improvement projects that have kept the contracting team on their toes. Although this pandemic has created lots of extra work and been stressful at times, it has also made our business relationships stronger and healthier for the long run! 

Posted in: Community Update,
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14105 Azurite Street NW, Ramsey

Arrow Real Estate sold 14105 Azurite Street NW in Ramsey for $875,000. This 11,208 square foot office/warehouse building was on the market for only 5-months before closing on June 19th! Arrow represented the seller LGP Leasing, LLC and Carrie Moline Gibbs from Century 21 Moline Realty, Inc. represented the buyers Wayne & Lisa Nicholson in the sale.

Posted in: commercial real estate, Seller Representation, Test,
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In February of 2020, Arrow Real Estate received a new lease listing and expanded our Management portfolio. Central Shoppes, is located at 9360 Baltimore Street NE in Blaine. The buildings current tenants are Acapulco Restaurant, Subway, KD Nails Salon.

Arrow recently signed a lease with Up to Date Bookkeeping. Arrow Contracting is currently working on the tenant improvements for this 2,546 SF office space. Their first day of occupancy will be June 1st. Make sure to check out Up to Date Bookeeping’s website here!

Click here to check out the remaining 1,237 SF space at Central Shoppes.

Posted in: commercial real estate, general contractor, property management, Tenant Improvements,
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Suite 14170 (6,025 SF) LEASED Telamon

Suite 14140 (3,447 SF) LEASED  Arimation / Simplex

Suite 14196 (1,944 SF) LEASED   Lucid Consulting

Suite 14144 (5,332 SF) LEASED Twin Cities Railing

Suite 14146 (4,591 SF) LEASED C & K Lawn Service

Suite 14198 (1,944 SF) LEASED Metro Building Systems, Inc.

ONLY REMAINING SUITE – 14164 (5,000 SF) Includes 1 Dock & 1 Drive in. Click Here for More Info

Posted in: commercial real estate, Landlord Representation,
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SOLD!  18205 45th Ave. N., Suite C (Investment) – Dec. 2019 (Shell Unit)

SOLD!  18205 45th Ave. N., Suite B (Owner User) – Jan. 2020 (Shell Unit)

SOLD!  18215 45th Ave. N., Suite C (Investment) – Feb. 2020

SOLD!  18215 45th Ave. N., Suite B (Owner User) – Pending


Upon taking over the listing agreement in Spring of 2019, there were 2 ‘shell’ units For Sale along with 1 ‘Built out’ unit For Sale.  Arrow will have sold all three units along with an investment condo within the Office Condo complex.

The Arrow Real Estate team continues to be active in the office condo market.  In the 2019/2020 calendar year, Arrow was involved in 16 transactions (9 leased / 7 sold).

Currently, the office condo market in the NW Metro area is very active with sales prices reaching the highest levels seen since the late-2000’s. 

If you are interested in getting a comparative market analysis (CMA) or Broker Opinion of Value (BOV), feel free to contact Jeff Penfield at jpenfield@arrowcos.com Cell 612-325-2067.

Posted in: commercial real estate,
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Marketplace West II
9125 Quaday Ave NE, Otsego

Arrow Companies is very excited for one of the tenants at Marketplace West II in Otsego. Ink Kings Tattoo has been leasing 1,225 SF since 2016. Over the years they have grown exponentially and now they need more space!!! This fall they will be doubling their space by expanding into the suite next door.

Make sure you follow them on Facebook and check out their website!!!

Posted in: Community Update,
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9633 85th Ave N, Maple Grove

In 2006, Arrow Contracting built Royal Vending an industrial building in Maple Grove. This building is 23,162 SF made up of 2,684 SF Office, 2,744 SF Mezzanine and 17,734 SF Warehouse, and has 2 dock doors and 8 drive in doors.

Now 13 years later, Arrow Real Estate had the pleasure of selling the property for the owner, SBM Venture Properties, LLC. It closed on March 5th for $1.853 million to Conquest Ventures, LLC

Posted in: commercial real estate, general contractor,
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Arrow Real Estates takes on 2019 full steam ahead! Check out what we have been up!



Landlord Representation – LEASED

1,143 SF space leased located at 7584 80th Street South in Cottage Grove to All State Insurance Agency.

Title Boxing Inc. leased 2,066 SF at located at 21897 South Diamond Lake Road, Rogers.

Tonkawood Office Park will have a new tenant in March. The Okonite Company will be leasing 1,444 SF at 16200 State Hwy. 7 in Minnetonka. 

1,250 SF was leased at 3185 Fernbrook Lane in Plymouth to Sivo Insights (Marketing Company).

Radux Devices, Inc. leased 1,728 SF Office Condo at 11292 86th Ave. N. in Maple Grove. 

Jayco Plumbing leased 2,598 sf and Corporate Connection, Inc. leased 4,200 sf at 22027 Industrial Blvd, Rogers. This building is now FULLY LEASED!

Lensworks Optical Labs, LLC leased 16,800 sf at 22501 John Deere Lane, Rogers.


Seller Representation

9668 Fallon Avenue NE, Monticello closed on January 16th for $1.3 Million. Congrats to DSG Plumbing on your new property!

8455 Xerxes Ave. in Brooklyn Park sold in January. The 3,970 SF Industrial Condo sold for $401,000 to Edgar Soriano.  This buyer also purchased investment condo within the same complex at 8451 Xerxes Ave. for $375,000. The current tenant will continue to occupy this 4,066 SF condo.

7,500 SF Office Condo located at 20980 Rogers Drive, Rogers was sold $850,000. It closed on February 13th. Arrow represented the Seller Benzinger Investments, LLC

On February 13th, 7610 University Ave NE in Fridley, MN sold for $1.195 million to University 3, LLC.

1.41 acres of industrial land located at 21840 Industrial Court, Rogers closed on February 25th!


Tenant Representation

Insightformation, Inc. on leased 891 SF of space at 10700 West Hwy 55 in Plymouth. They will be moved into their new space on February 1st.

On February 1st Lions Fitness, LLC signed a lease for 3,448 SF at 1265 Kuhn Drive, Suite #200 in St. Cloud. Their lease will commence on April 1st!

Arrow represented Shred N Go on the lease of a 14,500 sf property with over an acre of fenced in outside storage located at 22851 Industrial Blvd in Rogers.


Property Management

Arrow’s Property Management portfolio has grown again! In January Arrow started managing an industrial building in Brooklyn Park and in February we started managing a retail property in Fridley.

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