CBRE has successfully facilitated a significant long-term lease agreement for 150,000 square feet at the Dakota Commerce Center in Fargo, North Dakota. The deal brings Horwitz, LLC into Building 4 of the expansive industrial park, marking a key milestone for the property’s full stabilization.
Key Takeaways
- Horwitz, LLC has leased 150,000 square feet at Dakota Commerce Center.
- The lease is long-term and for Building 4 of the industrial park.
- This lease fully stabilizes the Dakota Commerce Center, a 633,200-square-foot facility.
- The transaction highlights the robust demand in the Fargo industrial market.
Strategic Location and Amenities
The Dakota Commerce Center, located at 4060 37th St. N., offers strategic advantages for its tenants. Its prime location provides immediate access to Interstate 29 and is in close proximity to Hector International Airport, facilitating efficient logistics and transportation.
The facility boasts a range of modern amenities designed to support industrial operations. These include ample truck parking, dedicated outdoor common areas, impressive 32-foot clear heights, ESFR sprinkler systems for enhanced safety, and both dock and drive-in doors to accommodate various loading and unloading needs. Additional trailer parking is also available.
Market Strength and Tenant Demand
Chance Lindsey, Kyle Ferderer, and Levi Gross of CBRE represented the owner and development partners, Hyde Development and Gremada Industries, in the lease negotiations. Lindsey commented on the significance of the deal, stating, "CBRE was able to procure another full-building, single-tenant user within six months of building completion, fully stabilizing the Dakota Commerce Center park."
He further emphasized the positive market indicators, adding, "This milestone reflects the continued strength of the Fargo industrial market and strong demand from high-quality tenants seeking modern, well-located facilities."
The successful lease with Horwitz, LLC underscores the appeal of well-appointed industrial spaces in strategically advantageous locations, reinforcing Fargo’s position as a growing hub for industrial activity.