7. EDSR 11-13-2007 - Laserfiche WebLink

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United Properties Market Activity • First Industrial signed a deal with PODS Enterprises for 50,000 sq. ft. in a new speculative building in Brooklyn Park called Winnetka Distribution Center. • Two companies signed deals at Plymouth Corporate Center on Fernbrook Lane North in Plymouth. NeoMetrics Inc. signed aseven-year deal for 21,464 sq. ft., and Johnson Controls took 29,206 sq. ft. for 61 months. Northeast • Arrowhead Electrical Products consolidated three sites into 50,000 sq. ft. at Blaine Preserve Business Park on 95th Avenue in Blaine. • Coloplast relocated its manufacturing from Minneapolis to 85,000 sq. ft. at Willow Lake Technology Center in Vadnais Heights. This properly had been vacant for three years. • Logistics company Magno International signed a lease for 97,000 sq. ft. at AMB Northpoint Industrial Center in Fridley. Southwest • CyberPower Systems signed aseven-year lease for 76,000 sq. ft. at River Crossing Distribution Center, located at 4241 12th Avenue East in Shakopee. • Remote Technologies, Inc. also signed aseven-year lease for 30,899 sq. ft. at Park 2000 III, located at 5775 12th Avenue East in Shakopee. • Iron Mountain took 23,000 sq. ft. in a 10-year deal at Huntington Business Park I on 106th Street in Bloomington. • Kraft signed afive-year lease for 30,000 sq. ft. of office space at 13200 Pioneer Trail in Eden Prairie, part of the Staring Lake development. • SurModics is assuming 73,000 sq. ft. of sublease space at Lake Smetana Business Park in Eden Prairie. The space was leased to CNS. • Hub Management purchased the 51,901-sq.-ft. Westwood III Business Center at 6251 Bury Drive in Eden Prairie from Rex Rice. Southeast • Uline signed a lease for 140,000 sq. ft. at the Highway 55 Distribution Center in Eagan. The transaction includes 5,000 sq. ft. for office space. • Staywell signed along-term lease for 71,808 sq. ft. in a 110,000-sq- ft. building in a new development in Boulder Lakes Business Park. The total size of this project, located in Eagan, is one million square feet, and construction is expected to begin in June 2008. • Also in Eagan, Lifeworks will take 25,122 sq. ft. in a long-term lease at the 38,000-sq.-ft. Waters VII on Lone Oak Road. RETAIL MARKET Back to 70~ • Best Buy will be relocating to 53,206 sq. ft. of end cap space at Crossroads of Roseville on County Road 62 and Snelling Avenue. Dick's Sporting Goods will take the 55,000 sq. ft. vacated by Best Buy. Both retailers will be open in 2008. • Raising Cane's will be taking a 2,691-sq.-ft. end cap space, its second Twin Cities location, in the newly renovated Stadium Village Mall at 825 Washington Avenue in Minneapolis following approval by neighborhood groups. The quick service restaurant is expected to open in February 2008. • Maurice's has signed a lease for 4,814 sq. ft. at Woodbury Lakes on I-94 and Hudson Road. • Petco signed a lease for 18,500 sq. ft. at 1970 South Robert Street in West St. Paul following more than two years of working with the city to redevelop the former Frank's Nursery property. Page 3 of 4 http://outlook.uproperties.com/features/2007/20070ctober_MarketActivity.htm 10/31/2007