SOURCE: Meritex Enterprises

March 25, 2008 04:00 ET

Meritex Leases Rogers, Minnesota Building to 100%

ROSEVILLE, MN--(Marketwire - March 25, 2008) - Meritex Enterprises announced today that it has leased 71,148 square feet to Profile Companies, Inc. at the Weber Building located at 13251 George Weber Drive in Rogers, Minnesota, bringing the property to 100% occupancy.

Profile Companies, started in 1989 by Steven DeJong, specializes in powder coating services for metal, wood and MDF products used in retail displays, office furniture, consumer products and more. Unlike conventional liquid paint, powder coating does not require toxic solvent to keep the pigment in a liquid suspension form. This eliminates the need for using, storing, and disposing of dangerous, environmentally harmful chemicals. Steven DeJong commented, "The Meritex Weber Building and management are well suited for our growing business. Meritex and Profile Companies make a good match."

Steve Dorff, Property Manager, stated, "Profile's space in the Weber Building more than doubles their former operation, and Meritex is excited to assist in Profile's growth in the Rogers market." Meritex currently owns two properties totaling 386,000 square feet in the Rogers, Minnesota market, as well as an additional 1.1 million square feet in the Minneapolis/St. Paul area. Meritex is actively seeking to expand its Class A/Class B office/warehouse portfolio in the market. John Ryden and Tom Lelich of the Minneapolis CBRE office assisted in the transaction.

About Meritex:

Meritex Enterprises, Inc. is a private real estate investment and management company that acquires, develops, owns and operates commercial real estate, primarily institutional grade, multi-tenant industrial properties. The Company owns, leases and manages over 8.5 million square feet of commercial real estate in 9 markets in the U.S. Its portfolio consists of multi-tenant industrial, office and subsurface industrial properties. The company's properties are located in Atlanta, Columbus, Denver, Houston, Indianapolis, Kansas City, Minneapolis-St. Paul, Nashville, and Warren, OH. In addition, a subsidiary, Meritex Logistics, provides third party logistics services in Kansas City, Memphis, Nashville, and Warren, Ohio.

See the Company's website for additional information: www.meritex.com.

Contact Information

  • Contact:
    Steve Dorff
    651-855-9672