Altus Properties

Congratulations to Tom Schnabel on his promotion to Controller. Over the past ten years, Tom has progressed through key roles, including Senior Property Accountant and Assistant Controller, and has consistently demonstrated strong leadership, integrity, and a commitment to excellence in every position. We’re proud to recognize his hard work and dedication, and we’re excited to see the impact he will continue to make in this new role.

Altus launched a new Corporate Charity Match Program in 2025–2026, giving team members a new way to support the causes they care about. Focused on ongoing community engagement and social responsibility, this initiative replaces our annual June Giving Month program—allowing for greater impact and larger employer contributions.

Thank you to everyone who participated!

Total employee donations: $2,752
Total Altus match: $2,752
Total organizations served: 6

Two industrial spaces now available at Corporate 44! Suite 2 offers 21,825 SF available immediately, featuring 27' clear height, five dock-high doors, two rail-served doors, and just over 1,000 SF of office space. Suite 7 offers 20,000 SF available September 1, 2026, with 26' clear height, three dock-high doors, one drive-in ramp, and 1,400 SF of office space. Contact us for leasing details or to schedule a tour! https://loom.ly/nlTEU-U

According to Colliers 2026 Q2 Minneapolis Industrial Market Report, "The Minneapolis–St. Paul industrial market continued to normalize in Q2 2026, with performance increasingly driven by the timing of large occupancies and new deliveries rather than underlying demand shifts. Net absorption totaled 1.05M SF for the quarter, bringing year-to-date totals to more than 2.1M SF, supported by tenant move-ins across newly delivered logistics facilities."

https://loom.ly/88asp54

Our Minnesota property managers treated tenants to coffee, donuts, and ice cream—offering a simple but thoughtful way to break up the workday and help everyone cool off during the heat. It was a great opportunity to step away from the routine, connect with tenants, and add a little mid-day refresh to the building community.

According to the CREJ, "while technical, communication, and organizational skills all contribute to success, the qualities that increasingly distinguish today’s property managers are curiosity, adaptability, problem-solving, compassion and resourcefulness."

Altus property managers play a critical role in keeping our buildings running smoothly — balancing tenant needs, maintenance, and financial performance. Their day-to-day oversight helps protect asset value while ensuring tenants have a safe, efficient, and well-managed environment.

Another exciting milestone is underway! Altus has officially broken ground on Arbor Ridge Business Center, a 157,080-square-foot Class A distribution facility in Maple Grove, Minnesota. Located within one of the fastest-growing submarkets in the Minneapolis–St. Paul metro, the project is expected to deliver in December 2026.

As the first industrial development to break ground within the City of Maple Grove's 105th Corridor Master Plan, Arbor Ridge Business Center marks an important step in the area's transformation. Designed to redefine the corridor, the master plan includes more than 989 residential units and 1.7 million square feet of planned office, industrial, retail, and commercial space.

We are grateful for the collaboration and dedication of the teams helping bring this project to life, including our construction partner, RJ Ryan Construction, and our leasing partner, CBRE. We look forward to watching Arbor Ridge take shape and contribute to the continued growth of the Maple Grove community.

The Minneapolis Altus Properties team recently visited Schram Vineyards Winery & Brewery for a fun-filled afternoon nestled among the rolling hills of Waconia. Our team enjoyed a professionally guided vine to wine tour exploring the winemaking facility and process, tastings from the extensive wine list, delicious food, and some time to unwind among the vines!

As we mark 250 years of independence, we remember that this country didn’t come together by chance. It was earned through sacrifice, strengthened by resilience, and carried forward by generations who refused to stand still. The American experiment was never meant to be static, it was meant to grow, to be tested, and to rise stronger each time. Today, we don’t just celebrate our history, we carry it forward. Every risk taken, every business built, every new idea pursued is part of the same story that began in 1776.

Leasing Momentum Begins: Join us in welcoming RRC Power & Energy as the first signed tenant at West 108. Special thanks to Connor Donahue of Kenwood Commercial for assisting with this transaction.

Take advantage of our exclusive broker incentive and start discovering the remaining 49,189 SF of industrial space available for lease, which includes spec office options.

https://altusproperties.com/properties/west-108/