KR Signs has purchased a 2.14 acre site in New Hope, MN where they will expand operations into a 24,928 SF industrial space located at 8801 Bass Lake Road.
KR Signs is known for their top quality location specific signs, banners and interior displays. As an industry leader in the Twin Cities market, their philosophy for growing their company has remained simple; hire exceptional staff, use state-of-the-art equipment and strive to provide exceptional customer service. As part of their growth philosophy, KR Signs wanted to align their overhead costs with a more stable and controlled ownership structure, allowing them opportunity for planned expansion and production efficiencies. Ron Tyler and Keith LaRonge, Co-Owners and Presidents of KR Signs, have been partners for the last 12 years.
“As our business model continued to grow, we became increasingly interested in purchasing a facility, rather than renting. Dan Friedner and Jay Chmieleski with Colliers worked relentlessly to provide us with a number of options that would allow us to expand our operations,” says Ron Tyler, Co-Owner and President of KR Signs.
Still located in the Northwest Twin Cities, KR Signs will move from their current location in Blaine to their new facility in New Hope within the next month and plans to have their operations up and running soon after.
“Market timing served KR Signs well in their recent acquisition. We were happy to help them find a facility that gives them the opportunity to own and will continue to strengthen their business goals,” says Dan Friedner, Vice President, Colliers International | Minneapolis-St. Paul.
Dan Friedner and Jay Chmieleski with Colliers International | Minneapolis-St. Paul represented KR Signs in the completion of the transaction.
