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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Arrow Companies Employees are like kids at a candy store when it comes to the Fernbrook View Apartments. Every time any one of us drives by the jobsite, we comment on the progress of the building. It doesn’t seem that long ago since we were talking about the first floor and now the roof is on! The wood framing is complete, and this dream is becoming more of a reality then it has ever been up to this point!

From here on out, the building will form its own style and character as the next steps take place. Next up will be the roofing which is scheduled to begin the last week in September. After that, the parking lot and curb will be poured the first week in October, and in the following week the windows will be installed.

Arrow is beyond excited to be able to construct and watch yet another idea turn into a masterpiece! We look forward to keeping you updated on our Fernbrook View Apartments journey.

Posted in: Apartment, construction, general contractor,
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Arrow Real Estate takes pride in our listings and management contracts. Since October 2017, Arrow has leased 29.79% of Bell Tower West, which is located at 9325 Upland Lane N, Maple Grove. The 53,673 SF building now has an occupancy rate of 89.66%.

Here is the full list of the Tenants that have leased space over the last two and a half years:

  • Combined Insurance
  • Nuvell Clinics
  • MN Ketamine & Wellness Institute
  • MN Neonatal
  • JLB Pilates
  • Blue42
  • Active Foot & Ankle Health Inc.
  • Fairly Group

Arrow Real Estate has also renewed the following Tenants at the property!

  • Dental Specialists
  • Modern Point
  • Primelending

Bell Tower West has one remaining vacancy on the second floor. The suite is 5,576 SF, but could be demised to 2,000 SF. For more information click here.

Posted in: commercial real estate, Landlord Representation, property management, Tenant Representation,
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Crane lifting the sign up!

Congratulations to Blue 42 as their sign is going up on the building today! They are the newest tenant at Bell Tower West (9325 Upland Lane N, Maple Grove). They will be occupying 2,695 SF on the 3rd floor beginning April 1st. Arrow Real Estate represented the landlord on this lease deal, and Arrow Contracting is completing the tenant improvements. The improvements included modern finishes throughout with LED lighting, reception desk, waiting area, private offices, kitchenette, private restroom, conference room and work stations.

Sign in progress at Scenic Sign!

Posted in: Blue42, commercial real estate, general contractor,
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Arrow Contracting wrapped up a tenant improvement at Bell Tower West for Minnesota Neonatal Physicians in January. The space consisted of three offices, storage room and reception area!

Arrow Contracting also started two new tenant improvements in February to be completed in April!


Bell Tower West (9325 Upland Lane N, Maple Grove) – Blue42, LLC
  • Suite 310 – 2,695 SF
  • Modern high end finished throughout
  • New LED light fixtures
  • Tenant improvement includes:
    • Large demo of existing suite
    • Reception, kitchenette, work stations, conference room & offices

Blaine 21 (9380 Central Ave NE, Blaine) – Harmon, Inc.
  • Suite 200 – 3,994 SF
  • Modern high end finished throughout
  • Tenant improvement includes:
    • Adding additional office, conference and work

Posted in: construction, Tenant Improvements,
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Good Ending to 2018

01/28/2019

Arrow had a handful notable transactions to end the 2018 year strong-

  1. Arrow Real Estate represented the seller on a 15,000 square foot industrial building located at 10883 89th Avenue North, Maple Grove. The building was sold to Transit Team Inc. and closed on 11/30/2018 for $2.8 Million.
  2. Also, on 11/30/2018 Arrow represented the seller and closed on 8878 Zealand Avenue North, Brooklyn Park MN for $542,000. The buyer being Feist Automotive.
  3. Arrow represented Buyer (My Grace Properties, LLC) for the purchase of 4300 Baker Road in Minnetonka, MN.  The 8,104 SF building was recently remodeled and occupied by Prosperwell Financial in January 2019.  The property closed in November of 2018 for the price of  $1,300,000.
  4. A three unit office condo at 15600 35th Ave.  in Plymouth sold for $715,000 in October 2018 (4,680 SF @ $153 /psf).  The Seller was represented by Arrow Companies in this transaction. 
  5. Arrow represented the Seller in a quick transaction in Chaska at 1472 White Oak drive in October 2018.  This property was listed and under contract in two weeks!!  The Purchase Price was $270,000 for the 1,536 SF office condo ($175.78 / psf).  
  6. A retail condo at 13783 Ibis Street was sold in October of 2018 in Andover, MN.  This 1,875 SF suite was purchased for $346,875 by Milk Mom’s who will be using the space as an office / sales retail sales office.  Arrow represented the Seller in this transaction – Boulder Point Properties.
  7. The last transaction of the year was located at 14490 Northdale Boulevard, Rogers MN. It closed on 12/31/2018 for $795,000. Arrow represented the buyers, Top Notch Equipment, Inc. This was especially a notable transaction because Arrow worked with the city of Rogers to get a conditional use permit. This allows Top Notch to run their Landscape and Equipment company at the building with outside storage.

Posted in: commercial real estate,
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Fun fact… between 2001 and 2006 there were THREE Bell Tower buildings that were constructed in Maple Grove/Osseo. Since October 2017 Arrow Real Estate has been managing & leasing ALL three properties!

Bell Tower Osseo


 

 

Bell Tower West


 

 

Bell Tower South


 

Posted in: commercial real estate, Office, property management,
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After a long Memorial Day Weekend Arrow Companies has been right back to work! Arrow has had a busy week in all aspects of our business in the city of Maple Grove.

Arrow was involved in three brokerage transactions this week in Maple Grove. On Tuesday May 30th, Arrow sold 9745 Revere Lane N. The 4,864 SF turn key daycare building was sold to OMH Group, LLC for $600,000. Arrow also leased 10883 89th Ave North in Maple Grove to Zembal Enterprises Inc dba Big Rig Reconditioning. The lease for this 15,000 SF industrial building with 3+ acres of fenced in exterior storage will commence on July 1st, 2017. Arrow also Represented Regency Home HealthCare, LLC in purchasing an office building located at 10467 93rd Ave N in Maple Grove. This 5,800 SF office building is scheduled to close in August.

On the contracting side of Arrow’s business, progress has continued at the new Sycamore Commons office building located off I-494 in Maple Grove. This week exterior glass is being installed on the west side of the building, and exterior window frames are close to completion. Inside the building the framing of the interior walls is approximately 90% complete. Rough-ins plumbing, HVAC, and electric mechanicals are also well under way.  If you pass by the building next week you will notice exterior EFIS install has begun!

Arrow continues to be active in the cities of Rogers, Blaine, Andover, Osseo, Coon Rapids, Plymouth and many other commercial markets in the area. To see all recent and upcoming transactions, keep an eye out for the 2017 Quarter 2 blog this July!!!

10883 89th Ave N

9745 Revere Lane N

Posted in: commercial real estate, Community Update, construction,
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