ROSEVILLE, MN--(Marketwire - March 25, 2008) - Meritex Enterprises announced today that it
has leased 71,148 square feet to Profile Companies, Inc. at the Weber
Building located at 13251 George Weber Drive in Rogers, Minnesota, bringing
the property to 100% occupancy.
Profile Companies, started in 1989 by Steven DeJong, specializes in powder
coating services for metal, wood and MDF products used in retail displays,
office furniture, consumer products and more. Unlike conventional liquid
paint, powder coating does not require toxic solvent to keep the pigment in
a liquid suspension form. This eliminates the need for using, storing, and
disposing of dangerous, environmentally harmful chemicals. Steven DeJong
commented, "The Meritex Weber Building and management are well suited for
our growing business. Meritex and Profile Companies make a good match."
Steve Dorff, Property Manager, stated, "Profile's space in the Weber
Building more than doubles their former operation, and Meritex is excited
to assist in Profile's growth in the Rogers market." Meritex currently owns
two properties totaling 386,000 square feet in the Rogers, Minnesota
market, as well as an additional 1.1 million square feet in the
Minneapolis/St. Paul area. Meritex is actively seeking to expand its Class
A/Class B office/warehouse portfolio in the market. John Ryden and Tom
Lelich of the Minneapolis CBRE office assisted in the transaction.
Meritex Enterprises, Inc. is a private real estate investment and
management company that acquires, develops, owns and operates commercial
real estate, primarily institutional grade, multi-tenant industrial
properties. The Company owns, leases and manages over 8.5 million square
feet of commercial real estate in 9 markets in the U.S. Its portfolio
consists of multi-tenant industrial, office and subsurface industrial
properties. The company's properties are located in Atlanta, Columbus,
Denver, Houston, Indianapolis, Kansas City, Minneapolis-St. Paul,
Nashville, and Warren, OH. In addition, a subsidiary, Meritex Logistics,
provides third party logistics services in Kansas City, Memphis, Nashville,
and Warren, Ohio.
See the Company's website for additional information: www.meritex.com.
Contact Information: Contact: