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CBRE Assists Spears Manufacturing in New 142,000 SF Lease in Minneapolis NW Metro
Minneapolis - January 19, 2017 - CBRE assisted Spears Manufacturing in a new 142,000-square-foot lease at the Dayton Distribution Center in Dayton, Minnesota where the manufacturer plans a new regional distribution center.
John Ryden in CBRE's Minneapolis office with Jim Bolt, of CBRE's Denver office, represented the tenant. Matt Oelschlager and Mike Bowen, also in CBRE's Minneapolis office, represented the landlord, Liberty Property Trust.
"We are very pleased that we were able to help facilitate Spears Manufacturing's entry into the Minneapolis-St. Paul market and to be able to secure this high quality, Class A distribution center space," said John Ryden, senior vice president.
The Dayton Distribution Center in Dayton, Minnesota is a 247,000-square foot new speculative construction distribution center in the northwest Twin Cities metro area.
Spears Manufacturing is a California-based fabricator and global distributor of plastic pipefittings and valves, made exclusively in the United States. Spears will occupy the facility beginning in February and plans to hire for local positions at the site.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world's largest commercial real estate services and investment firm (in terms of 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.