Milestone Agrees on Distribution Center Lease

SHAKOPEE, MN—Milestone AV Technologies has agreed to lease a 106,000-sq.-ft. industrial building here at 804 Valley Park Drive.

Clothing distribution company SanMar is leasing the space as a temporary warehouse until its 571,000-sq.-ft. permanent facility is completed this year nearby. Milestone, a provider of mounting and display solutions for audiovisual technologies, will take occupancy in September 2013, using the building for distribution.

The property rents for $4.50 per sq. ft., according to the city. Dave Paradise, senior director, and Sydney Johnson, director with Cushman &Wakefield/NorthMarq represented TA Associates, the partners of owners, Virginia Retirement Systems, in the lease.
Bill Ritter, senior vice president with Colliers International, represented Milestone.

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