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February 09, 2016 5:22 AM ET

Real Estate Management and Development

Company Overview of Meritex Enterprises, Inc.

Company Overview

Meritex Enterprises, Inc. Invests in, owns, and manages a portfolio of multi-tenant industrial properties in various markets throughout the United States. It also buys, sells, and develops land zoned for industrial and commercial uses. The company manages warehouse, distribution, and office space for various businesses. Meritex Enterprises, Inc. was formerly known as Space Center Enterprises and changed its name to Meritex Enterprises, Inc. in 1999. The company was founded in 1990 and is based in Minneapolis, Minnesota with properties in Atlanta, Columbus, Houston, Kansas City, Indianapolis, Minneapolis/Saint Paul, and Phoenix.

24 University Avenue N.E.

Suite 200

Minneapolis, MN 55413

United States

Founded in 1990





Key Executives for Meritex Enterprises, Inc.

Chairman and Chief Executive Officer
Chief Financial Officer
Chief Operating Officer
Age: 54
Senior Vice President of Meritex Logistics
Chief Investment Officer
Compensation as of Fiscal Year 2015.

Meritex Enterprises, Inc. Key Developments

Meritex Enterprises, Inc. Appoints Matt Wagner as Director of Acquisitions

Meritex Enterprises, Inc. announced that Matt Wagner has joined the company as Director of Acquisitions. Matt will be responsible for sourcing, underwriting, negotiating, and closing on acquisition and development opportunities in targeted US markets. Prior to joining Meritex, Matt was with Lincoln Advisory Group and also with Inland American Real Estate Trust, Inc., both in the greater Chicago area.

Meritex Announces Acquisition of Kennebec Distribution Center in Eagan, Minnesota

Meritex announced the acquisition of the Kennebec Distribution Center, a 155,050 square foot distribution center located at 3703 Kennebec Drive in Eagan, Minnesota. The property is 100% occupied and features an ESFR sprinkler system, a 26 foot clear ceiling height and efficient T-5 motion sensor lighting.

Meritex Breaks Ground for 130,000 Square Foot Highcrest Distribution Center in Roseville, Minnesota

Meritex announced the ground-breaking for the development of the Highcrest Distribution Center, a 130,000 square foot industrial distribution project located at 2400 Terminal Road in Roseville, Minnesota. The Highcrest Distribution Center benefits from a rare in-fill location with outstanding freeway access. Roseville is centrally located between both Minneapolis and St. Paul. The project will have 32-foot clear ceilings, up to 40 dock doors, ESFR sprinkler system, and can be subdivided to accommodate smaller tenants. The building is also designed to be served by the Minnesota Commercial Railway. The project will be ready for occupancy in November 2014.

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