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 113^th 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 89^th Ave N. Also on 89^th Ave N, Factory Motor Sports leased a 4,800 SF warehouse bay at 10900 89^th 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 90^th 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,