VStar Entertainment Group Signs Lease at Northern Stacks Complex in Fridley with Plans to Consolidate Operations in New Space by End of 2017

April 19, 2017

Hyde Development is pleased to welcome VStar Entertainment Group, LLC (“VStar”), one of the nation's leading multi-concept media and entertainment platforms and producer of family-friendly consumer shows and events, to the Northern Stacks complex in Fridley, MN. Future tenant VStar signed a multi-year lease to occupy 104,818 square feet of Northern Stacks IV – close to 60 percent of the building — which is currently under construction. Northern Stacks is a joint venture of Hyde Development and M. A. Mortenson Company.

Stacks IV, which broke ground on March 26, 2017, is the fourth building to be constructed at Northern Stacks, and is part of phase three development of the overall plan for the industrial park. The 177,600-square-foot building is slated for completion in November 2017. VStar will relocate both its production facility, currently in the Minneapolis Midway neighborhood, and its corporate offices, currently located in Shoreview, into the Northern Stacks location.

“We are excited about the move, and expect this new state-of-the art facility will create added operational efficiencies, support our growing business portfolio and offer a fresh, spacious and creative new work home for our current and prospective talent,” said VStar CEO, Eric Grilly.

Other Northern Stacks complex tenants include BAE Systems, Dero Bike Racks, Everlast Climbing Industries and MB2 Raceway.

“It’s fantastic to see the continued momentum at the Northern Stacks development,” says Paul Hyde, Principal at Minneapolis-based Hyde Development. “The interest is proof that the progress in urban warehousing is not a trend, but truly a reality in the Twin Cities.”

Jason Simek and Eric Batiza with Colliers International | Minneapolis-St. Paul represented Hyde Development in the completion of the transaction. VStar was represented by Matt Oelschlager of CBRE. Mohagen Hansen is the architect on the Northern Stacks development.