Arden Hills Corporate Center

Cushman & Wakefield is pleased to present the opportunity to acquire Arden Hills Corporate Center – Phases II & IV, a 101,183 square foot light industrial park located in the prominent Minneapolis suburb of Arden Hills. Currently, 78% leased, Arden Hills Corporate Center provides investors with existing cash flow from credit tenants coupled with the ability to significantly increase NOI through lease-up of vacancy and potential light industrial or life sciences conversion.
The park is located in a premier suburban location with immediate access to adjacent major freeways, including I-694, 35W, Hwy 10, and Hwy 51. Amidst a strong corporate presence, Arden Hills Corporate Center offers tenants rich amenities such as expansive surface parking and outdoor patio seating.
Arden Hills Corporate Center II & IV are part of the larger Arden Hills Corporate Center campus incorporating four (4) buildings totaling 167,183 square feet. Arden Hills Phase II is a 48,804-square-foot building anchored by Securian, a strong credit tenant rated AA- by S&P, who is relocating the space back-in-house upon lease expiration. Arden Hills Phase IV, totaling 52,379, is 100% leased to Ulteig Engineers, who will be downsizing to a new location upon lease expiration. Arden Hills Phase I, comprising 33,000 square feet, was sold to an owner/user in January 2024. The final building, Arden Hills Phase III, a 33,000-square-foot building, was recently leased in July 2024 to a national credit tenant who will occupy 67% of the building. With the nearby momentum, Arden Hills Corporate Center II & IV provides investors with the opportunity to significantly increase NOI via lease up and repositioning of the asset.

The combination of value-add light industrial zoning coupled with proximity to elite corporate neighbors make Arden Hills Corporate Center II & IV a compelling acquisition opportunity.