CRG Unveils Minnesota’s Largest Speculative Industrial Development with Completion of The Cubes at French Lake

CBRE has announced that CRG, a national real estate development and investment firm, has completed construction on The Cubes at French Lake, a 1,006,880-square-foot industrial development in Dayton, Minnesota. Its completion marks Minnesota’s largest speculative industrial project to date and the state’s first super-bulk inventory distribution facility.

CRG has engaged CBRE’s Dan Swartz, James DePietro, and Austin Lovin to market and lease the property.

“The Cubes at French Lake is a prime example of CRG’s forward-thinking vision to fill the need for large, well-located space with modern design features that have become essential to today’s distribution and manufacturing operations,” said Susan Bergdoll, senior vice president and partner for the Midwest region at CRG. “Partnering with CBRE, we look forward to seeing The Cubes at French Lake meet the critical needs of e-commerce, logistics, and manufacturing users while driving the region’s economic growth and job creation.”

Located at 11500 Dayton Parkway North, the cross-dock warehouse began construction in 2022. The property features modern specifications, including 40’ clear heights, ESFR sprinkler systems, high-efficiency LED lighting, 652 parking spaces, a 185’-depth concrete truck court, 231 trailer parking spaces, 100 9’x10’ grade-level dock doors with 69 reserved for future expansion, four 14’x16’ drive-in dock doors and 60’ speed bays.

“CRG has been very successful around the U.S. constructing the business centers of the future,” said CBRE’s Swartz. “We’re privileged to partner with them as they introduce this product to the Minnesota market, and we are confident local, regional and national companies will see the value of operating in these state-of-the-art facilities.”

The property sits on 65.1 acres and is approximately 35 miles from the Minneapolis-Saint Paul International Airport and 20 miles from downtown Minneapolis. It offers tenants quick access to U.S. Interstate 94 via the Dayton Parkway interchange.

Minneapolis’ Northwest submarket has the largest concentration of developments in the market, accounting for 46% of the total construction underway in the fourth quarter of 2023, according to CBRE Research. Leasing on new construction remained a priority in 2023. In the Northwest submarket, leasing on new construction accounted for 39% of its total leasing activity in 2023.

CRG integrated partner Lamar Johnson Collaborative designed the property, and its parent company, Clayco, served as the design-builder. Additional project information and renderings are available on the detailed project page at RealCRG.com.