Medline is locking in roughly 195,000 square feet at Brockton Business Park in Corcoran, Minnesota, taking down most of the development’s freshly completed first building. The move plants a major new logistics user in the northwest Twin Cities submarket just off the I-94 corridor and gives Hempel Real Estate a heavyweight tenant to anchor its latest industrial play.
Lease and development details
As reported by the Minneapolis/St. Paul Business Journal, Medline’s lease spans about 195,000 square feet in the first phase of a two-building project that is backed by a $300 million programmatic joint venture between Hempel Real Estate and TPG Angelo Gordon. Industry reporting and developer materials indicate the initial structure was delivered as a roughly 286,120-square-foot speculative facility, with a second building of about 252,120 square feet planned for phase two, according to REBusinessOnline.
Where it sits
Brockton Business Park, at 10585 County Road 101 in Corcoran, is positioned just off Dayton Parkway with direct routes to I-94 and the planned Highway 610 extension, according to the City of Corcoran. Those connections have made the campus a selling point for distribution and light-manufacturing users eyeing regional access.
The park’s LoopNet listing highlights trailer parking, rear-loaded docks and a campus layout geared to regional logistics operations.
About Medline
Medline, based in Northfield, Illinois, is a leading provider of medical-surgical products and supply-chain solutions for health systems and care sites across the country, according to Medline’s newsroom. The company already runs an extensive distribution network in the broader region, and the Corcoran lease marks an expansion of its footprint in the Twin Cities industrial market.
Market context
Modern, large-format industrial space continues to be a hot commodity around the Twin Cities. Commercial real estate reporting that cites CBRE pegged metro industrial vacancy at about 3.9 percent in mid-2025, well below the national average, a tight environment that has kept institutional investors very much in the game. Hempel’s joint-venture program and recent land acquisitions slot into that broader wave of capital targeting the region’s industrial pipeline, as noted in regional industry coverage.
What’s next
JLL is handling leasing on the remaining space at Brockton Business Park, while Hempel already has plans in place for the second building. With Medline now committed to the campus, the developer is expected to push ahead on phase two if leasing momentum holds. Project listings and city records indicate additional industrial capacity will be rolled out under the same campus plan as demand justifies the next phase.
