{"id":1004197647,"date":"2017-11-21T02:46:41","date_gmt":"2017-11-21T10:46:41","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004197647"},"modified":"2022-12-06T21:27:19","modified_gmt":"2022-12-07T05:27:19","slug":"meritex-to-develop-minneapolis-industrial-project","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/meritex-to-develop-minneapolis-industrial-project\/","title":{"rendered":"Meritex to Develop Minneapolis Industrial Project"},"content":{"rendered":"<p>By Adina Marcut<\/p>\n<div id=\"attachment_1004197650\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/2470-Highcrest-Road-in-Roseville-Minn..png\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004197650\" data-attachment-id=\"1004197650\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/meritex-to-develop-minneapolis-industrial-project\/2470-highcrest-road-in-roseville-minn\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/2470-Highcrest-Road-in-Roseville-Minn..png\" data-orig-size=\"800,627\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"2470 Highcrest Road in Roseville, Minn.\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/2470-Highcrest-Road-in-Roseville-Minn..png?w=800\" loading=\"lazy\" class=\"wp-image-1004197650 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/2470-Highcrest-Road-in-Roseville-Minn..png\" alt=\"2470 Highcrest Road in Roseville, Minn.\" width=\"300\" height=\"235\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/2470-Highcrest-Road-in-Roseville-Minn..png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/2470-Highcrest-Road-in-Roseville-Minn..png?resize=300,235 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/2470-Highcrest-Road-in-Roseville-Minn..png?resize=768,602 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004197650\" class=\"wp-caption-text\">2470 Highcrest Road in Roseville, Minn.<\/p><\/div>\n<p>Meritex plans to construct Highcrest II &amp; III, two 144,000-square-foot distribution buildings in Roseville, Minn., by demolishing the former Minnesota Technology Exchange building, a 360,000-square-foot <a href=\"https:\/\/www.commercialsearch.com\/news\/meritex-snags-300-ksf-industrial-property\/\">industrial property<\/a>.\u00a0 The project is slated for completion in fall 2018.<\/p>\n<p>David Stokes, Todd Hanson, Jason Sell, Chris Weirens and Ian Thompson of Cushman &amp; Wakefield will be handling leasing services.<\/p>\n<p>Located at 2470 Highcrest Road, Highcrest II &amp; III will be located across the street from Meritex\u2019s Highcrest Distribution Center, a fully-leased 130,000-square-foot property. The development offers quick access to Interstate 35W, highways 36 and 280, downtown Minneapolis and St. Paul. Additionally, the properties will be in close proximity to a multitude of retail, restaurant and hotel\u00a0locations in the Roseville area.<\/p>\n<p><em>\u201cThe Northeast metro submarket has seen a tremendous amount of activity throughout the last several years as growing companies look to expand and others look to consolidate operations in newer, better spaces,\u201d<\/em> said Stokes, Cushman &amp; Wakefield senior director, in prepared remarks. <em>\u201cThe market has only just become aware that this opportunity is available, and there\u2019s already healthy interest in the new Highcrest II &amp; III.\u201d<\/em><\/p>\n<p><em>Image via Google Maps<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Meritex will demolish a 360,000-square-foot industrial property and plans to deliver two state-of-the-art distribution buildings next to its Highcrest Distribution Center. <\/p>\n","protected":false},"author":436,"featured_media":1004197650,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21748,36076,21742,15],"tags":[32799,35670],"class_list":["post-1004197647","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-industrial","category-minneapolis-st-paul","category-latest","category-west","tag-cushman-wakefield","tag-meritex-enterprises"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Meritex to Develop Minneapolis Industrial Project - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/meritex-to-develop-minneapolis-industrial-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Meritex to Develop Minneapolis Industrial Project\" \/>\n<meta property=\"og:description\" content=\"Meritex will demolish a 360,000-square-foot industrial property and plans to deliver two state-of-the-art distribution buildings next to its Highcrest Distribution Center.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/meritex-to-develop-minneapolis-industrial-project\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-11-21T10:46:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-07T05:27:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/2470-Highcrest-Road-in-Roseville-Minn..png\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"627\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Adina Rogoz\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/meritex-to-develop-minneapolis-industrial-project\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/meritex-to-develop-minneapolis-industrial-project\\\/\"},\"author\":{\"name\":\"Adina Rogoz\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/1e376ba4add70694b922380ddbe946d8\"},\"headline\":\"Meritex to Develop Minneapolis Industrial Project\",\"datePublished\":\"2017-11-21T10:46:41+00:00\",\"dateModified\":\"2022-12-07T05:27:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/meritex-to-develop-minneapolis-industrial-project\\\/\"},\"wordCount\":207,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/meritex-to-develop-minneapolis-industrial-project\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2017\\\/11\\\/2470-Highcrest-Road-in-Roseville-Minn..png\",\"keywords\":[\"Cushman &amp; 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