FOR SALE OR LEASE OWATONNA INDUSTRIAL PARK David Stokes, SIOR Senior Director +1 612 347 9366 david.stokes@cushwakenm.com Noam Newman Senior Associate +1 612 347 9347 noam.newman@cushwakenm.com 1400 IDS Center 80 South 8th Street Minneapolis, MN 55402 main +1 612 341 4444 cushwakenm.com New Development Opportunity Immediate Access 1,000,000 SF Available
OWATONNA INDUSTRIAL PARK I-35 & Highway 14, Owatonna, MN Property Highlights Site Access New development opportunity Site size: 32 acres (Phase I) Up to 1,000,000 SF available High image office warehouse Dock & drive-in access Immediate access to I-35 and Hwy 14 connecting Rochester to Mankato United Properties has partnered with the City of Owatonna s Economic Development Authority for a development opportunity located right on the highly visible intersection of I-35 and Highway 14.
SITE PLANS
OWATONNA INDUSTRIAL PARK I-35 & Highway 14, Owatonna, MN GRAND FORKS NORTH DAKOTA 94 SOUTH DAKOTA 80 FARGO NEBRASKA 29 SIOUX FALLS OMAHA MINNESOTA 94 90 MINNEAPOLIS IOWA OWATONNA 35 ST. PAUL 1 HOUR DRIVE TIME 1 HOUR DRIVE TIME 1 HOUR DRIVE TIME DES MOINES 94 DAVENPORT WISCONSIN MADISON ILLINOIS 80 43 MILLWAUKEE CHICAGO MISSOURI SPRINGFIELD KANSAS KANSAS CITY COLUMBIA ST. LOUIS DRIVE TIMES MINNEAPOLIS DES MOINES CHICAGO 1 HOUR 3 HOURS 6 HOURS KANSAS CITY 6.75 HOURS
State Ave N Cedar Ave LARGEST DISTRIBUTION CENTERS IN THE AREA OTHERS: GOPHER CROWN PEARSON WENGER KERRY Old U.S. 14 St. Paul Rd 24th Ave NW 35 W Bridge St OWATONNA N Oak Ave Lemon Road Bixby Expansion Opportunity 14 218 35
OWATONNA INDUSTRIAL PARK I-35 & Highway 14, Owatonna, MN Owatonna offers growing companies a strong available workforce. It also attracts skilled employees from five neighboring counties and metro areas within commuting distance including Minneapolis/St. Paul, Rochester and Mankato. 25,000 Workforce of over 14,000 residents people Home to 40 more than industrial firms, several with international distribution 88% of residents have a high school degree or higher 500 retail, wholesale and professional firms supporting its large industrial base Ideally situated on three primary highway systems, Interstate 35 and U.S. Highways 14 and 218 Economic Development Authority (EDA) Loan Programs Industrial Loan Program for Land acquisition, building construction and renovation, machinery and equipment Commercial Loan Program for Land acquisition, building construction and renovation, equipment and fixtures. Contact: Doug Johnson, Owatonna Business Incubator 507-451-0517 State Grant/Loan Programs Minnesota Investment Fund to help industrial businesses purchase facilities and equipment Industrial Development Revenue Bonds to provide affordable financing for qualified projects. Job Opportunity Building Zone (JOBZ) Program Contact: Troy Klecker, City of Owatonna Community Development Director 507-444-4340 Tax Increment Financing (TIF) The City of Owatonna utilizes tax increment financing to assist with larger industrial building projects. Proceeds are typically used to cover land acquisition and site development costs. Contact: Troy Klecker, City of Owatonna Community Development Director 507-444-4340 owatonnadevelopment.com
Owatonna is strategically placed at the crossroads of I-35 and two major US highways, giving it one of the most accessible locations in the Midwest. US Highway 14 connects half the employment centers in Southern Minnesota and three-quarters of the top employers. A highly trained workforce and location near major metropolitan centers are why businesses locate in Owatonna. This thriving regional center serves as a shopping, tourism and healthcare magnet for southern Minnesota. It consistently ranks among the most livable small towns in the country, with more than 800 acres of parks and trails. Owatonna Partners for Economic Development builds on the strengths of five organizations to meet the development needs of existing and locating businesses. Partners work together to coordinate services, accommodate requests and fast-track decisions. The partners are Owatonna Area Chamber of Commerce & Tourism, City of Owatonna, Owatonna Public Utilities, Owatonna Area Business Development Center and Steele County. United Properties is one of the premier real estate development firms in the Upper Midwest, with a century-long reputation for creating value. Owned by the Pohlad Family, the Company is headquartered in Minneapolis, MN and has developed in excess of 10 million SF of commercial real estate in the last several decades in multiple markets including Minnesota, Wisconsin, Colorado and Illinois. In the last 10 years, United Properties has developed 15 industrial projects totaling more than 2.6 million square feet of new industrial space. United Properties industrial development began in the late 1960s with the 210-acre Mendota Heights Business Park and continued with company headquarters, research and development, distribution and manufacturing facilities. Our work includes speculative properties for investment and a comprehensive build-to-suit program. In addition, United Properties develops business parks and offers development services to third-party investors/owners. Today, our clients include FedEx, CH Robinson, Swire Coca-Cola USA, Wurth Adams, Perbix, Tire Rack, Acosta, among others.
3500 American Bldv W, Suite 200 Minneapolis, MN 55431 +1 952 831 1000 cushmanwakefield.com 2018 Cushman & Wakefield NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE TO THE ACCURACY OR COMPLETENESS OF THE INFORMATION CONTAINED HEREIN, AND SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, WITHDRAWAL WITHOUT NOTICE, AND TO ANY SPECIAL LISTING CONDITIONS IMPOSED BY THE PROPERTY OWNER(S). AS APPLICABLE, WE MAKE NO REPRESENTATION AS TO THE CONDITION OF THE PROPERTY (OR PROPERTIES) IN QUESTION. For more information contact: Chris Weirens Director +1 952 893 8219 chris.weirens@cushwake.com David Stokes, SIOR Senior Director +1 612 347 9366 david.stokes@cushwake.com Tom Sullivan Executive Director +1 952 837 8657 tom.sullivan@cushwake.com Peter Fooshe Senior Associate +1 952 820 8722 peter.fooshe@cushwake.com