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<br /> OVER 7 MILLION SQ. FL OF POTENTIAL PROJECTS
<br /> (COMBINATION OF MULTI-TENANT/SINGLE USER AND SPE(ULATIVE/PRE-LEASED DEVELOPMENT)
<br /> PROJECT PRODUCT
<br /> - NAME TYPE , SO.FT. DEVELOPER CITY •
<br /> Air lake Industrial Park Varies 500 acres Aidake Development Lakeville
<br /> Apollo Industrial Center O/W 168,000 sf RL Johnson Co- Eagan
<br /> ♦ Example of new hybrid design,Industrial Equities' Arlington-Jackson Industrial Center Varies 350,000 sf St.Paul Port Authority St-Paul
<br /> Interstate Crossings in Eagan Bass Creek Business Center O/W 89,000 sf Opus Corporation Plymouth
<br /> Bass Lake Business Park 0/W 63,000 sf Caliber Development Plymouth
<br /> represents an alternative to many Bohn Limited Partnership OW 94,000 sf Carl Bohn Burnsville
<br /> general office users. The existing tight Bridgepoint Business Park varies 240,000 sf HRA
<br /> office market conditions have allowed So.St.Paul
<br /> Carlson Business Center-Phase I OW/OSB( 138,000 sf Carlson R.E. Plymouth
<br /> OS/BC owners to lease more space at
<br /> higher rents. Consequently,we expect to Chanhassen Business(enter 0/W 500,000 sf Ryan Construction Chanhassen
<br /> see continued improvement in the Cornerstone Business 0/W up to 161,000 sf RLJohnson Co. Hopkins
<br /> OS/BC market, resulting in lower (ortec Building 0/W 54,000 sf Cortec Corp. White Bear Lake
<br /> vacancy rates, rising rents, increased Crosby Lake Business Park Varies up to 300,000 sf St.Paul Port Authority St.Paul
<br /> sales activity and higher property Elm Creek Business(enter/ OW/058( 350,000 sf Opus Corporation Champlin
<br /> values/prices. Commerce Center +25 acres
<br /> The O/W and BULK market Enterprise Park 0/W 550,000 sf Multiple Developers Anoka
<br /> segments should continue their strong Enterprise Business(entre 0/W 155,000 sf United Properties Mendota Heights
<br /> performances. This strong performance Flagship Business Campus 0/W 275,000 sf Industrial Equities Eagan
<br /> has resulted in new architectural design Flying Claud Business(enter 0/W 180,000 sf Opus Corporation Eden Prairie
<br /> trends to fit the growing needs of tenants Gateway West O/W 212,000 sf (SM Corporation Roseville
<br /> who require a unique blend of office, Golden Hills Business Park/2 Phases Bulk&0/W 270,000 sf MEP(Corporation Golden Valley
<br /> production, warehouse and distribution Golden Triangle Business(enter 0/W 150,000 sf (SM Corporation Eden Prairie
<br /> space.These new hybrid designs literally Hadley Ave.Commerce Or.2 phases O/W 117,500 sf (SM Corporation Oakdale
<br /> cross over category lines and combine Interstate Crossings Business Or 0/W 133,000 sf Industrial Equities Eagan
<br /> the styles of all three product types.With O/W 80,000 sf Industrial Equities Eagan •
<br /> P YP Lakeview III
<br /> the high ceilings of bulk distribution, the Meridian Industrial Center Bulk 110,000 sf Marfield,Belgarde,Yaffe Maple Grove
<br /> the glass fronts, l
<br /> bay Structure of , l warehouse, and Northland Interstate Business Center 0/W 60,000 sf Ryan Construction Brooklyn Park
<br /> upgrades of office showroom/business landscaping and Northpark Industrial(enter 0/VI 88,000 sf Industrial Equities Fridley
<br /> center, this industrial hybrid is some- Oakdale Interstate Crossing 0/W 100,000 sf local Partnership Oakdale
<br /> times referred to as "office showhouse." Porkers Lake BULK/OW 230,000 sf United Properties Plymouth
<br /> In conclusion, the next year should Plymouth Business(enter IV OW/OSBC 122,000 sf Welsh/St.Paul Co's Plymouth
<br /> see significant levels of new construc- Plymouth Ponds-Phase I BULK/OW 215,000 sf Marfield,Belgarde,Yaffe Plymouth
<br /> tion, including build-to-suit and specula- Rosemount Business Park 0/W 80 acres Steve Hoyt&city Rosemount
<br /> Live developments. Rental rates should Roseville's I-35W Gateway 0/W 400,000 sf To be named Roseville
<br /> continue to rise making new develop- Southcross Corporate(enter Varies p ty Burnsville
<br /> o p 650,000 sf Devela Developers&ci
<br /> ment more financially feasible. Trenton Commerce Center 0/W 100,000 sf Opus Corporation Plymouth
<br /> Competitive investment yields for Valley Green Business Park 0/W 60,000 sf Valley Green Shakopee
<br /> general purpose, well located industrial Building#4 Business Parkx H
<br /> properties should result in an active sales Williams Hill Park Varies 300,000 sf St.Paul Port Autho rity St Paul
<br /> market and increasing prices/values
<br /> . Woodbury Commerce(enter Bulk/OW
<br /> Woodbu 100,000 sf Opus Corporation Woodbury -`
<br /> ©Towle Real Estate Company
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