10900 Red Circle Drive, Hopkins, MN, 55343, US

Legrand Regional HQ

Asset Description

JLL is pleased to present the fee-simple interest in the Legrand Regional Headquarters (the “Property”) located in Minnetonka, MN. The Property is currently 100% leased by Legrand. Legrand Regional Headquarters provides investors the opportunity to acquire a mission-critical facility with an institutional quality tenant. The Property features newly, modernized tenant-funded renovations. Legrand is an industry leading tenant on a long-term in-place lease with a high likelihood for a lease renewal, assuring stable cash flows and returns to investors. This asset is ideally positioned as a desirable light industrial product within the Twin Cities western submarket and presents a considerable discount to replacement cost.

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Attributes

Building area net

9,153 m²

Land area net

3.15 ha

Year renovated

2025

Year built

1982

Tenants

Legrand

WALT

10 years

Occupancy

100%

Media

Investment Highlights

Fully occupied by Legrand (S&P: A-), a global leader in designing and manufacturing electrical, data, AV equipment and solutions on a long-term, 10-year lease
The property will serve as Legrand’s sole Minnesota office, consolidating their executive team, engineers, and techs into one location
$5M+ in committed tenant improvements by Spring of 2025, featuring a complete interior renovation and Class A office-tech finishes and high-end amenities
Excellent connectivity to the rest of the metro with access to Crosstown 62, Hwy-169 and I-494
Prime location in Opus Business Park with walking distance retail and two blocks from the new Metro transit light rail Station providing excellent connectivity
Situated within the highly desirable Golden Triangle Micro-market filled with an abundance of major employers and only 2.3% vacancy
Mission-Critical R&D engineering facility designed to accommodate plasma cutters, welding stations and a gantry crane