7830-7890 12th Avenue South Bloomington, MN 55425 2,896 - 110,412 SF of Industrial Space Available

Situated in Dakota County, the City of Lakeville is located in the South Central region of the Twin Cities metropolitan area. Encompassing Eagan, Burnsville, Inver Grove Heights, Lakeville, and Farmington, the South Central region is well connected to regional infrastructure and is one of the nation's largest industrial hubs in terms of inventory base.

Lakeville is well-served with diverse transportation linkages, including a major highway (Interstate 35) that provides access to downtown Minneapolis, a freight corridor (Progressive Rail), and a public-use airport (Airlake Airport). Additionally, the city's current CSAH 70 road expansion project will significantly enhance a prominent local transportation hub that serves the second-largest industrial park in Minnesota (Airlake Industrial Park).

Lakeville has experienced robust population and housing stock growth, as evidenced by the record-setting level of residential building permits issued by the city in each of the past two years. Lakeville has now led the Twin Cities metropolitan area in the number of residential building permits issued for eight consecutive years.

Access to large tracts of available, affordable, and development-ready land, in addition to the use of Tax Increment Financing and other municipal incentives, has spurred a large number of new industrial development in the area. Notably, the construction of Minnesota's second-largest Amazon distribution facility is currently underway, which will add hundreds of jobs to the local economy.

The diversification of the local economy and the footprints of prominent national businesses (such as Amazon, Post Consumer Brands, D.R. Horton, and FedEx Freight) provide a stable, resilient economic base and employment foundation. Favorable pricing relative to the Twin Cities metro average, combined with healthy employment trends and convenient access to diverse transportation linkages, will support the local area's ongoing expansion. The prospects for new, large-scale industrial construction could offer a potential reprieve to tenants looking for suitable modern space, though vacancy throughout the area remains tight given prevailing strong interest from tenants across a diverse mix of industries.