Growing firms sign 97,984 lease at now under construction Stacks III building
Tuesday, November 29, 2016 – Hyde Development is pleased to welcome Dero Bike Racks and Everlast Climbing Industries, two recreation companies owned by PlayCore, to the Northern Stacks complex in Fridley, MN. Northern Stacks is a joint venture of Hyde Development and Mortenson Company.
Slated for delivery in April of 2017, the 133,200-square-foot Stacks III state-of-the-art facility at Northern Stacks Drive and River Road will house the companies’ Twin-cities based operations. Dero, designers of innovative bicycling infrastructure systems, will relocate employees from its current 37,000-square-foot Midway, Minneapolis locations. Everlast Climbing Industries, makers of climbing walls and fitness equipment, will also relocate from its existing approximately 36,000-square-foot Mendota Heights location.
In addition to serving primary office needs for the two companies, the new space will allow for more efficient application of their manufacturing processes. ”We had been looking for a more modern facility that would accommodate our combined needs and plans for expansion,” explains Tim Sudeith, Senior Vice President & Business Unit Manager at PlayCore,. “We were constrained by our existing locations and needed to move closer to a centralized employment base that had the right access and amenities to enhance our unique cultures.”
“We are excited to see these growing companies find the right space in a location unlike any other in the Twin Cities,” states Eric Batiza, Vice President with Colliers International | Minneapolis-St. Paul. “Dero and Everlast Climbing will really benefit from the functional design at Northern Stacks with enhanced operational conveniences such as wider column spacing, 32’ clear height, and a well-positioned truck court for loading.”
“The park has really come together,” states Jason Simek, Senior Associate with Colliers International | Minneapolis-St. Paul. “Stacks I and II are completely occupied and we already have prospects to fill the remaining 35,000-square-feet at Stacks III. Both Dero and Everlast Climbing will be in good company as more and more tenants are finding Northern Stacks to be the best option inside the ring.”
Additional tenants at Northern Stacks include BAE Systems, OnTrac International, Kaufman Container, Lindenmeyr Munroe, MB2 Raceway and Trio Supply Company.
Dero, manufacturers of bike racks, bicycle parking systems, bike lockers and security systems for campus, commercial, home and garage and Everlast Climbing, manufacturers of youth climbing walls, climbing holds, safety mats, fitness equipment, & climbing programming are members of the PlayCore family of brands.
Eric Batiza and Jason Simek with Colliers International | Minneapolis-St. Paul represented Hyde Development in the completion of the transaction.