Imperial Plastics New Building Project Breaks Ground in Mankato MN

Imperial Plastics New Building Project Breaks Ground in Mankato MN

Imperial Plastics Groundbreaking Norman Oberto, Owner of Imperial Plastics, address the crowd of approximately 50 gathered for the ceremony.

APPRO Development, Inc. and CERRON Commerical Properties, LLC are pleased to announce the official Imperial Plastics New Building Project Breaks Ground in Mankato MN on Thursday, August 1, 2013. Surrounded by family, employees, City of Mankato staff & board, Greater Mankato Chamber, financial, legal, real estate, building, architectural and accounting professionals, Imperial Plastics’ owner, Norman Oberto, greeted the crowd and shared his vision for not just this new additional location for his business, but for the growth of his company. Mayor Anderson, City Manager, Pat Hentges, APPRO and CERRON’s Jack Matasosky, and Jonathan Zierdt from the Greater Mankato Chamber rounded out the ceremony with words of esteem and gratitude at the occasion of the start of a new building in the City of Mankato’s Eastwood Energy Center.

This 124,368 square foot building will be the fourth, and largest, facility for Imperial Plastics in Minnesota. CERRON, commercial real estate broker, helped to secure the site for Imperial and APPRO is the acting design build contractor for this new and exciting project.

  • More details of the building project can be found on APPRO’s Current Project Page, HERE (includes many more pictures of groundbreaking & current progress at this building site).
  • Read more about this project in the Mankato Free Press, by linking, HERE.
  • To learn more about Imperial Plastics, you may visit their website by linking HERE.

APPRO Development, Inc. and CERRON Commercial Properties, LLC have been assisting clients like Imperial Plastics for more than 25 years, across Minnesota, North Dakota and Wisconsin. If you have been thinking about adding onto your existing building, need to make some small updates or changes, or are thinking about building a new facility – our team of experts is here to help. To get the ball rolling, you may contact Jack Matasosky at office@approdevelopment.com to discuss your unique situation.

Click on any of the photos below to enlarge.

Jack Matasosky, APPRO Development & CERRON Properties with Jonathan Zierdt, Greater Mankato Chamber President Jack Matasosky, APPRO Development & CERRON Properties with Jonathan Zierdt, Greater Mankato Chamber President

Lunch Reception at Imperial Plastics Groundbreaking, August 1, 2013 Lunch Reception at Imperial Plastics Groundbreaking, August 1, 2013

APPRO Development & CERRON Commercial Properties Groundbreaking in Mankato, MN Norman Oberto joined by APPRO, CERRON, Mankato Mayor Anderson, Council Member Karen Foreman, Kristin Prososki, and Tim Lidstrom

Greater Mankato Chamber Cerificate Presentation to Norman Oberto of Imperial Plastics Greater Mankato Chamber Cerificate Presentation to Norman Oberto of Imperial Plastics

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

A special thank you to the Greater Mankato Ambassadors for attending this event and also for sharing photos taken at the groundbreaking event (most of which can be found on this and our blog page). To learn more about the Greater Mankato Growth Chamber of Commerce and Economic Development, you may click HERE to access their website.

Commercial Real Estate Trends for 2013

South Metro space for lease or for sale

The overall commercial real estate market is improving with most sectors showing strength. The combination of low interest rates, better market fundamentals, and stronger business volumes for many companies, have helped contribute to this commercial real estate market improvement.

CoStar reported reported the…

  • “Demand for U.S. warehouse space moved from the recovery to the expansion phase in late 2012 as rising occupancy rates and limited new construction helped push (up) rents…” Randyl Drummer, CoStar News
  • “Tenant demand for office space ended 2012 on a strong note” with a good 4th quarter in most office sectors. Randyl Drummer, CoStar News (Follow him on Twitter)

Therefore, it appears that “commercial real estate markets are nearing a point that the properties are not going to get any less expensive,” Mark Heschmeyer, CoStar News. At CERRON, we have several quality listings available in many sectors, including:

  • Warehouse space for lease at 21725 Hamburg Avenue, Lakeville
  • Office/Warehouse/Showroom for sale at 21205 Eaton Avenue, Farmington
  • Office space for sale at 2809 Cliff Road East, Burnsville
  • Office space for lease at 3470 Washington Drive, Eagan
  • Office space for sale at 2430-2438 – 117th St. E., Burnsville
  • Office space at 11995 County Rd. 11, #210, Burnsville

At CERRON Commercial Properties, a south metro MN real estate brokerage, we are ready to assist you with your commercial real estate needs. Contact us today to discuss how we can find the right property solution for you…with you!

Read more: http://www.costar.com/News/Article/Rising-Demand-Propels-Warehouse-Market-to-Strong-2012-Finish/145459, http://www.costar.com/News/Article/Recovering-Office-Demand-Sets-Stage-For-Rent-Growth-Across-The-US/145245, and http://www.costar.com/News/Article/2013-Deal-Strategy-Time-To-Move-Forward-but-Prudently/145424

Investment Opportunities

At a time of the year when we would normally be a little slower, we are thrilled to find ourselves very busy as we anticipate an amazing 2013!

Right now, we have two very exciting investment opportunities:

The first is a manufacturing facility in Southern Minnesota.

Southern Minnesota Manufacturing Building - Investment Opportunity

The second is an Apartment Complex in North Dakota.

North Dakota Aprtment Complex Investment Opportunity

If you would like more information on either of these opportunities, please contact Jack Matasosky in our office right away at JackM@Approdevelopment.com or at 952-469-2171.

The New Year is full of promise and all of us at APPRO Development, Inc. and CERRON Commercial Properties, LLC are looking forward to “Creating Property Solutions For You and With You” in the days and months to come!

Are You Considering Purchasing Commercial Office Space?

By Dan Huntington

If you are considering purchasing commercial office space, there are a number of things you will want to consider.

First of all, surround yourself with a great team

According to Inc.com, “As a small business owner, you’re most likely not a commercial real estate expert. That’s why it’s important to surround yourself with the right team of experts. They can help you determine the right time to buy or sell, the right locations to consider, and the nuts and bolts of closing the deal. Here are some of the experts you may consider contacting:

  • Accountant. An accountant can help you figure out what your business can afford and analyze the tax and operating budget benefits.
  • Lawyer. A lawyer can help you complete the transaction, negotiating with the seller and lender on your behalf.
  • Commercial broker. A real estate broker can help you identify potential properties and what you can afford.
  • Mortgage broker. A lender or mortgage broker will help you sort through financing options, from bank loans to those guaranteed by the U.S. Small Business Administration, such as the Certified Development Company (CDC) 504 Program, used to finance primarily real estate or equipment”

Then, Identify the RIGHT Property…Consider the Location, Physical condition, Allowable uses, Limitations on exterior and interior, Adequacy of access and parking, Opportunity for expansion or leasing, and Physical condition (Inc.com).

This is one example of the many listings CERRON Commercial Properties has available for purchase. This property is now available for Sale – buy the entire property or one of three (3) office condos available.

Office space for sale in Burnsville MN

2430, 2434, 2438 117th Street East, Burnsville, MN 55337

To read the entire Inc.com article, go to: http://www.inc.com/guides/2010/07/how-to-purchase-commercial-real-estate.html