Arctic Cat today announced plans to massively renovate and move into a new corporate headquarters in the North Loop district of Minneapolis, according to a story posted today on the Minneapolis Business Journal website.
The building selected dates back to 1908 and needs a major overhaul, but it is located in a trendy, growing part of the city near light rail depots and the Target Field facility that hosts Minnesota Twins baseball games.
More notably, the story quotes Arctic Cat officials as saying the facility will one-day house 150-200 employees and covers 55,000 square feet of space. That represents a massive expansion from Arctic Cat’s current footprint in the Twin Cities area, where a select handful of corporate executives, sales team leaders and other associates work out of an 11,000 square foot office space in the suburb called Plymouth, Minnesota. Company CEO Christopher Metz says he expects the company to grow by 50 percent in the next 5 years.
“When we laid eyes on [the building], we knew it was the right place for us. It enables us to begin to meet our corporate goals, which is to grow the company dramatically,” Metz said in an interview with the Business Journal. The move won’t be completed until the summer of 2016.