212 West Business Center - Equity Raise

Jones Lang LaSalle Americas, Inc. (“JLL”), representing United Properties (the “Sponsor”), is pleased to present the opportunity to provide joint venture equity for the development of a new industrial project in Carver, Minnesota. The development will consist of two (2) Class A speculative office/warehouse facilities, each measuring approximately 189,000 square feet, for a total of 378,000 square feet.

This prime development site in Carver offers excellent access to the Twin Cities metropolitan area’s major transportation networks, including U.S. Highway 212 and State Highway 41. The project will feature modern, 32’ clear height buildings, catering to the growing demand for high-quality industrial space in the southwest Twin Cities market.

The Minneapolis-St. Paul industrial market has demonstrated strong performance, with strong absorption and low vacancy rates. The southwest submarket, which includes Carver, has experienced significant rent growth in recent years due to limited new supply and increasing demand from e-commerce, logistics, and manufacturing users.

With its strategic location, state-of-the-art specifications, and the region’s favorable market dynamics, this development is well-positioned to capitalize on the continued growth of the Twin Cities industrial sector. United Properties, a well established and respected developer in the region, brings extensive experience and a strong track record to this project, further enhancing its potential for success.