Uponor is a supplier of radiant heating systems, PEX plumbing systems and fire safety protection systems. The company has a 10-year lease for the building, says Craig Patterson, senior development officer for First Industrial Realty Trust's Minneapolis/St. Paul region.
Ray Reese and Brian Fogelberg, both with CB Richard Ellis, assisted in the build-to-suit transaction. Site work began about two weeks ago on the build-to-suit facility with occupancy expected in January, Patterson says. Uponor is relocating from similar-sized facility in Burnsville, MN, which was "not nearly as efficient," he says.
The company had recently completed a growth projection for the next five to 10 years and determined they needed a "state of the art, 32-feet clear distribution center," Patterson says. First Park Lakeville is near the company's headquarters as well as having access to a good labor pool, infrastructure and highways, he says.
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