FedEx Plans New $20M Facility in Maple Grove; Life Time Fitness Extends Lease at Target Center
- Feb 18, 2013
FedEx is planning to build a new $20 million sorting and distribution center in Maple Grove. The new 276,400-square-foot facility is expected to open in 2014 and will replace the smaller facility FedEx leases in Brooklyn Park for its SmartPost business, The Minneapolis / St. Paul Business Journal reports.
FedEx SmartPost, a subsidiary of FedEx, has been growing in recent years and plans to expand its capacity by 80 percent in the next five years. Its current facility, the Crosstown building located at 7500 Setzler Parkway North, features 120,000 square feet of warehouse and distribution space.
Although FedEx has not announced yet how many jobs it will have at the new Maple Grove site, the company plans for 332 employee parking spaces. Located at 9997 85th Ave. North, the 42-acre site is close to Interstate 694 and Highway 81. Erin Truxal, a spokesperson for FedEx Ground said that the site was chosen due to its easy access to major highways, strong local workforce and proximity to customers’ distribution centers.
In other local news, the StarTribune reports Life Time Fitness has extended its lease at the Target Center and plans to invest millions of dollars in renovating the gym. Life Time Fitness has signed a 12-year extension on its lease, which was set to expire at the end of February. The agreement stipulates that the lease is automatically extended to 2028, as long as the Minnesota Timberwolves’ lease at the city-owned Target Center extends beyond 2025.
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