Minneapolis-based CSM Corporation just finished construction on the second phase of its flex development in Brooklyn Park, MN, the 610 Commerce Center, but the company is already kicking around plans for a third and final building at the site.
General contractor RJ Ryan, of Mendota Heights, began construction on the building at 9350 W. Broadway Ave. last July. In late March, the company put the final touches on the 202,000-square-foot building said Ryan Bartley, CSM’s director of commercial development and investments. The structure is now 60 percent occupied, with about 80,000 square feet up for grabs.
On April 1, the label manufacturer Accraply Inc. moved into its headquarters from United Properties’ Plymouth Ponds Business Park to a 70,000-square-foot space at CSM’s new building.
Accraply was joined by Waukesha, WI-based Hallmark Building Supplies Inc., which is leasing 52,000 square feet in the building. Hallmark is moving from another CSM property, University Industrial Park III on the 2000 block of Elm St. SE in Minneapolis. Bartley said that Hallmark had gotten too big for its old location, which was only about 40,000 square feet in all.
The tenants themselves did not respond to requests for comment.
CSM declined to disclose the total development cost for Phase II. It completed Phase I of the 610 Commerce Center, at 7200 93rd Ave. N in 2015. The building is currently 100 percent leased to multiple tenants including BlackHawk Industrial, Point B Solutions, Scholastic Book Fairs and Varitronics.
Its proposed Phase III would entail a 100,000-square-foot building on the northwest side of the site. Bartley said the spot would be compatible with a user who wants a build-to-suit facility.