According to commercial real estate companies, Brooklyn Park's business climate is better than ever. The newly opened 169 Business Center is just another example of the city's growth.
"Brooklyn Park is thriving," said Brent Masica of Cushman & Wakefield Northmarq. "There's no question about it. There's good labor up here. There's good product up here"
Because of that, Brooklyn Park has quickly morphed into a business hub. Companies such as Olympus, Takeda and others have flocked to the city.
"Not everybody can have the retail hub of the region," said Cindy Sherman, Brooklyn Park's community development director. "We're looking at us as being the manufacturing and job opportunity place."
"I think the whole industrial world, or community, is excited about this part of town." Masica said.
The brand new 169 Business Center is another key piece to Brooklyn Park's business puzzle. The facility has an 11-acre footprint and already has had a magnetic tug on companies looking to relocate.
"We've leased 65,000-square feet to a company called Staging Concepts," Masica said. "We've got proposals and heavy interest on the remainder of the property."
There are currently 28,000 jobs in Brooklyn Park and that total is projected to grow.
"The Metropolitan Council has given us a goal of 40,000 jobs," Sherman said, "but we've often talked about 50,000 jobs."
In the past four years there has been 2.2 million square feet of development in the city.
"About half of that being speculative development," Masica said. "Meaning really smart industrial developers are coming up here and putting buildings up without tenants, hoping and knowing that they will come."
Yes, the just build it and they will come mindset is paying off for Brooklyn Park. The proximity to the 610 corridor and other major roads is also a huge plus.
"You've got 169, you've got 610, you've got 694." Masica said. "You've got all the major thoroughfares for both employees and trucking."
Add up all of these assets and it equals a hot business climate for Brooklyn Park.
"Ten years ago the business climate was totally different than what it was today," Masica said. "I mean the perception was different. The user pool was different."
There will soon be a cluster of hotels popping up along the 610 corridor too. Groundbreaking begins next week for a Home2 Suites by Hilton and a Hampton Inn. Construction on a Fairfield Inn begins in a few months.
Eric Nelson, reporting
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