CSM Corporation’s Scott Moe: Industrial market in full boom mode

 

A rendering of the Boone Avenue Business Center II

The Boone Avenue Business Center II

by Dan Rafter

Scott Moe counts Brooklyn Park as one of the most aggressive communities in the Minneapolis/St. Paul area when it comes to attracting new business.

That’s why Moe isn’t surprised that CSM Corporation’s Boone Avenue Business Center II in Brooklyn Park has managed to fill all of its available space.

“Officials in Brooklyn Park are always working hard to figure out how to attract businesses and how to create one of the best business climates in the Twin Cities area,” said Moe, vice president of leasing and development with CSM Corporation. “The officials there are going out of their way to figure out how to make their community attractive to companies. Brooklyn Park really stands out right now in that northwest submarket and in the Twin Cities area.”

The latest example? Output Technology and Superior Paper Handling Solutions recently leased 22,975 square feet of office and warehouse space at the Boone Avenue Business Center II.

The new leases bring this project from 69-percent to 100-percent occupancy.

The Boone Avenue Business Center II is located at 7150 Boone Avenue North and features easy access to Interstate-694 and Interstate-94.

Dan Terry of JLL represented CSM Corporation as the exclusive leasing agent for the Boone Avenue Business Center. Brian Netz of Colliers International represented the tenant.

Moe said that CSM Corporation has been able to keep the Boone Avenue Business Center building filled because of that site’s ideal location close to highways and in the booming Northwest submarket of the Twin Cities.

“The building has really good access to transportation arteries,” Moe said. “And it’s a well-maintained building with a very sizable truck courtyard. It is a great location for employees who can live around the Twin Cities and still easily get to the site. And it’s a good image building that has plenty of drive-up appeal. It helps to have a building like that when you are attracting potential employees for recruiting.”

Moe says that there is always turnover at any industrial building. Companies might outgrow their space and need to expand. Others might get sold, and the new buyers might move operations to a new location.

But even when these inevitable turnovers happen, CSM Corporation should have little trouble finding replacement tenants, Moe said.

“There’s a long history of companies locating in the Northwest submarket,” Moe said. “Success breeds success. There is good executive housing in this area. It has a great employee base for what I would call high-end blue-collar employees, skilled labor. The Northwest submarket will remain strong for a long time.”

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