BY GABE LICHT
DELANO, MN HJ Development, of Wayzata, has purchased the Delano Crossings property from Cushman & Wakefield/NorthMarq.
That includes Coborn’s, Holiday, Delano Wine & Spirits, I Spa Nails, Great Clips, Unhinged! Pizza, and CVS Pharmacy.
“We know the property,” said HJ Development co-founder Gary Janisch, who lives in Delano, as does his partner, Jeff Carriveau. “There are good businesses existing in there now.”
Janisch cited familiarity with the area and the growth of Delano as factors in the decision to buy the property.
Currently, there are four vacant sites at Delano Crossings, something HJ Development wants to change.
“Our goal is always to fill it up as quickly as possible, but also put in the right mix,” Janisch said. “If it doesn’t look like it fits, we don’t do it. We watch who we put in, and they all kind of work together. We’ll be doing the same thing here.”
Currently, less than 3 percent of HJ Development’s properties are vacant.
The company manages about 300 tenants throughout the metro area, and has a portfolio of more than 1.2 million square feet.
HJ Development only leases properties it owns.
Janisch said the company works with tenants to improve the properties.
“We will work with tenants who have an interest in coming in there, we’ll give them tenant improvement dollars to improve the site,” Janisch said. “ . . . We want a nice property that the community will enjoy and use.”
The Delano property is made up of 78,535 square feet. The four vacancies include an end-cap with drive-through capabilities that could be combined with a neighboring vacancy to double the space.
Janisch said HJ Development has begun conversations with national sandwich chains, as well as local companies.
“We’re pretty excited about it,” Janisch said. “Hopefully, we’ll be seeing new faces shortly.”
Potential tenants may contact Chris Moe or Brian Merz at (952) 476-9401.