Arrow had a handful notable transactions to end the 2018 year strong-
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.
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.
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.
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.
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).
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.
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.
Bell Tower Osseo is now fully occupied for the first time in over 10 YEARS! Arrow Companies represented the owners on the last three lease deals to make the building fully occupied. Congratulations to Bay Equity Home Loans, True IT, and Tradewind Properties on your new spaces.
Congratulations to Minnesota Office Furniture, LLC on leasing 4,800 SF of warehouse space at 10900 89th Ave N in Maple Grove! Arrow Real Estate represented the owners, Raven Investments, on this lease deal that will commence in December.
If you are looking for office space in Maple Grove. Check no further! This has up to 3,700 SF of office space available. Check out more details here.
Arrow Companies recently represented the owners at Bell Tower West in leasing space to Nuvell Clinics. They will be opening next week!!! Arrow also had the pleasure of doing the tenant improvements for this space. Make sure to check out their beautiful space at 9325 Upland Lane North, Suite #300 in Maple Grove.
It’s hard to believe that last fall Sycamore Commons opened!!! Time sure flies. Take a look at our featured video of Sycamore Commons to see a sneak peak inside this beautiful office building located along I-494 in front of the Maple Grove water tower.
Arrow Companies is a full spectrum real estate company. Contact us today!!!
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.
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)
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.
Arrow worked with the following companies in leasing space in the Twin Cities area.
Axia Home Loans
6500 City West Pkwy, Minnetonka
Commencing August 1st
9249 East River Road, Coon Rapids
Commencing August 1st
18/8 Fine Men’s Salon
Wayzata East Promenade Block
Construction to begin September 1st
12510 Fletcher Lane, Suite I Rogers
Land Home Financial
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.
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!!!
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!