Alula Relocates HQ to St. Paul
The smart security systems producer plans to relocate its headquarters into CSM Corp.’s Midway Innovation Center I, which has been vacant since May 2018.
By Roxana Baiceanu
Midway Innovation Center I
Tech company Alula is preparing to move its Hudson, Wis., headquarters and production center to St. Paul, Minn. The firm has leased 68,000 square feet at CSM Corp.’s Midway Innovation Center I, which has been vacant since May 2018. Avison Young represented the tenant, while Colliers worked on behalf of the landlord.
“The Twin Cities market has proven to be a dynamic place to scale a tech company,” said Alula CEO Brian McLaughlin, in a prepared statement.
Midway Innovation Center I was completed in 2005 at 2340 Energy Park Drive, just off Highway 280. In addition to the 68,000 square feet leased to Alula, the property also encompasses more than 32,000 square feet of industrial space, according to Yardi Matrix real estate data. The center is approximately 3 miles from the University of Minnesota, the location being one of the main factors which impacted the tech company’s decision to relocate.
The brokers involved in the deal included Eddie Rymer, Phil Kluesner and Jack Storry from Avison Young, and Eric Rapp, Eric Batiza and Brian Bruggeman from Colliers International.
Image courtesy of Yardi Matrix
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