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.
Arrow represented Raven Investments, LLC in leasing a 38,132 SF building to International Gymnastics of Minnesota, LLC. The lease commenced on March 1, 2020. The building is located at 12177 Riverwood Drive in Burnsville which is close to Hwy. 13 and accessible to I-35 & Hwy 77. The building is comprised of two levels of office space amounting to 12,000 SF. The remaining 26,132 SF is warehouse space with 18’ clear height. The 2.47-acre lot allows for ample parking.
Congratulations IGM Gymnastics! Make sure you check out their website for more information on their gym.
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
Watch the video below to view more pictures!
P&F Machining has been in business for nearly three decades. Their primary approach to business is “precision first.” P&F Machining has built a solid reputation for high-quality custom machining for the aerospace, medical, agriculture and heavy equipment and firearms industries. For more information about P&F Machining visit their website at http://pfmachining.com/index.php
Since 2016, Arrow Companies has had the privilege of working with P&F Machining on the sale of their existing building in Dayton, acquisition of a new site and construction of their new building in Otsego.
Arrow Real Estate (Commercial Brokerage & Site Acquisition)
Arrow Real Estate listed P&F Machining’s existing building located at 17171 113th Ave in Dayton in August of 2016. By October the building was under contracting and then closed on January 31, 2017.
Arrow Real Estate also assisted P&F Machining in locating a new site and representing them on purchasing the site. The site is located off Hwy 101 and was owned by the City of Otsego. P&F Machining purchased the property on May 19, 2016 and began construction shortly after.
Arrow Contracting (Construction & Development)
Construction of P&F Machining’s state of the art 54,407 SF machine shop building began in June of 2016 and was completed in December of 2016. The building is composed of 13,280 SF of Office, 40,156 SF of Shop/Warehouse and 3,971 SF of Mezzanine space. The building is equipped with heavy power (3,000 AMP, 480 Volt, 3-Phase). The shop floor has 100’ candles of light throughout. The building also has 10,000 SF covered shipping and receiving area.
Arrow Companies strives to provide the best full spectrum real estate and construction services in the twin cities. Our services include Tenant & Buyer Representation, Landlord & Seller Representation, Property Management, Ground-up Construction, and Tenant Improvements. Contact us today for all your commercial real estate needs at 763.424.6355!
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!!!
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-
Arrow leased multiple office, retail, and industrial spaces during the first quarter. See the first quarter transactions below-
Arrow worked with the following companies in leasing space in the twin cities area.
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
In October 2014, the building located at 200-208 Ryan Drive in Little Canada tragically started on fire!!! Now, February 2016, Arrow Contracting is finishing up the completion of the new building!!! Congratulations to Metro Cleaning and Lions Share Maintenance who will be moving in to their new spaces in the beginning of March!!! The new building is approximately 10,300 square feet, composed of 4 different spaces. Space 200 is currently being listed by Arrow. More information about this space can be found at the following link- https://www.arrowcos.com/commercial-brokerage/search-commercial-listings/little-canada-mn-206-ryan-drive
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