Upland Circle, Direct Source STNL

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to present the opportunity to acquire a single-tenant net lease industrial property, 8170 Upland Circle in Chanhassen, MN (the “Property”). This 78,943 square foot, Class A+ newly renovated facility is fully leased to Direct Source, Inc., a leading technology solutions provider, under a long-term net lease commencing December 2025.

Located in the nation’s #1 ranked industrial market and strategically positioned in the thriving ChanChaska Micro-Market with excellent connectivity between Highway 5 and 212 corridors, the property offers exceptional access throughout the Minneapolis-St. Paul metropolitan region. The location benefits from strong market fundamentals including low 3.1% vacancy rates and robust 565,143 SF of year-to-date absorption. Additionally, the property creates a campus-style configuration with Direct Source’s adjacent headquarters at 8176 Mallory Court, providing operational synergies and demonstrating this creditworthy tenant’s long-term commitment to the Chanhassen market.