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Uponor To Lease 285,000-SF Build-to-Suit

LAKEVILLE, MN-Uponor will lease the building in First Industrial Realty Trust's First Park Lakeville industrial park.

By Gina Kenny | Updated on August 13, 2008

LAKEVILLE, MN-Uponor North America, headquartered in Apple Valley, MN, will lease a 285,000-sf build-to-suit distribution building in the First Park Lakeville industrial park, at CR 70 and Dodd Boulevard. The industrial park is being developed by First Industrial Realty Trust, based in Chicago, in a joint venture with the California State Teachers’ Retirement System.

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.

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