MINNEAPOLIS (09/28/2017) – Meyer Distributing and Meyer Logistics will be the lead tenant in the 83,000 square foot (sf) first phase of an office-warehouse development in Newport, Minnesota, Cushman & Wakefield and Scannell Properties announced today.

Meyer, an automotive distribution and logistics company, will be lead tenant occupying 36,000 sf in the Raceway Business Center, currently under construction at 910 Hastings Avenue in Newport.

Peter Fooshe

Tom Sullivan

Daniel Madrigal of Scannell Properties and Executive Director Tom Sullivan and Senior Associate Peter Fooshe of Cushman & Wakefield and negotiated the lease with Meyer.

“We chose this site for its close proximity to the Interstate 494 loop and great visibility,” Madrigal said. “In addition, due to a variety of factors we are confident we can offer some of the most competitive rates on Class A industrial space in the metro.”

With easy access to Highway 61/Highway 10 and I-494, the center offers prospective tenants great visibility and proximity to St. Paul and the south metro. The property is just 10 miles from downtown St. Paul.

Scannell broke ground on the project in July. The first phase will be available for occupancy in December, and will feature 28-foot-clear ceilings and multiple docks and drive-in doors. Just north of the first construction site, Scannell and Cushman & Wakefield are also offering up to 144,000 sf in a second phase at the Raceway Business Center.

About Cushman & Wakefield

Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Our 45,000 employees in more than 70 countries help occupiers and investors optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $6 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. 2017 marks the 100-year anniversary of the Cushman & Wakefield brand. 100 years of taking our clients’ ideas and putting them into action. To learn more, visit www.cushwakecentennial.com, www.cushmanwakefield.com or follow @CushWake on Twitter.

Media Contacts

Adam Rae Voge
Cushman & Wakefield

Jean Hill
Maccabee Group