MINNEAPOLIS, MN--(Marketwire - January 25, 2011) - Meritex announced today a new 17,915 square foot lease with Tierney Brothers, Inc. at its property located at 504 Malcolm Ave S.E., Minneapolis. Tierney Brothers (www.tierneybrothers.com), a Minneapolis-based company, an innovator in audio visual design and integration, as well as large format signs and graphics, chose Meritex for its warehouse and technical center relocation.
Meritex also announced a new 14,486 square foot lease with ProAct, Inc. (www.proactinc.org) at its 3225 Neil Armstrong Boulevard property in Eagan. ProAct, an organization serving individuals with disabilities and other challenges, chose Meritex for additional training space needed in Eagan.
Tierney Brothers conducted a multi-location search for our new facility, and we feel that the Meritex property is the ideal solution. The property met all of our requirements for the business, is excellent for our employees and customers, and is a high-quality facility we will be proud to show visitors and future customers," commented Sue Nelson, chief operating officer of Tierney Brothers.
"ProAct is very satisfied with the additional space Meritex provided to further our goal of providing employment and training opportunities for individuals with disabilities and other challenges. Meritex worked well with our staff to accommodate the unique build-out required for our needs," commented Steve Ditschler, president of ProAct.
Meritex owns or manages 2 million square feet of industrial properties in Minnesota. "We are proud to have the opportunity to provide Tierney and ProAct with the facilities they need to retain, train and expand jobs," said Steve Dorff, asset manager for Meritex.
Tierney was represented by Merrie Sjogren of the Nolan Company in the lease transaction and Meritex was represented by Brian Doyle and Eric Batiza of the Welsh Companies.
Meritex was represented by Phil Simonet and Zach Anderson of Paramount in the ProAct transaction.
Company Information: Meritex (www.meritex.com) 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 7.4 million square feet of commercial real estate in 7 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, and Minneapolis-St. Paul.
Contact Information:
Contact:
Steve Dorff
651-855-9672