Northern Stacks Wins NAIOP Award of Excellence

We’re so thrilled to announce that Northern Stacks I received the NAIOP Award of Excellence for Industrial – Bulk Distribution! The Awards of Excellence recognize the top projects around Minnesota in a variety of industries and uses. The ceremony, held at the Nicollet Island Pavillion, brought together more than 400 professionals from brokerage firms, construction companies, banks, architecture firms, and development companies like ours. We’re honored that NAIOP recognized the Northern Stacks development as one of the premier sites in the Twin Cities.

Some of the things that NAIOP recognized about Northern Stacks include:

  • The building was completed ahead of schedule in order to secure its first tenant, despite market-wide shortages of concrete, steel, glass, and an early winter.
  • The innovative and attractive design of the new building overcame concerns and perceptions of the existing 2,000,000-square-foot BAE Building (which is getting its own facelift!).
  • The contemporary building is located just five miles away from Downtown Minneapolis, providing exceptional accessibility.

With Northern Stacks I already half-filled, we’re excited for the next phases of the project, and are looking forward to watching this site grow and develop. We’re grateful to NAIOP for giving us this prestigious award, and we’re honored to have partners like Mortenson Construction, Mohagen Hansen, and Colliers International | Minneapolis-St. Paul working with us to make Northern Stacks the type of place that any company will want to call home.


award of excellence

BAE to Stay at Northern Stacks

We are happy to announce that BAE Systems Inc. has signed a new 10-year lease to stay at Northern Stacks in Fridley.  BAE will occupy about 561,184 SF of space in their existing building which will be updated with a more modern exterior and new state of the art features. The rest of the building will be demolished to make way for the new Northern Stacks buildings.

“I’m really excited about this project for BAE Systems,” Paul Hyde, principal of Hyde Development, said “They’ve been the cornerstone of this site from the beginning, and now, these highly skilled engineering and technology jobs remain in Minnesota.”

BAE Renovation Renderings:

BAE Cafateria 1 (3)


BAE Cafateria 2


BAE NW Corner


BAE SW Corner


Check out the press coverage on the BAE deal:

Minneapolis / St. Paul Business Journal


Finance & Commerce (Subscriber Content)


With the completion of construction on the first Northern Stacks building, we have aimed our construction camera at the BAE building so you can follow the renovation progress. Click here to see the camera.

See what has been going on at the Construction Site

We wanted to give you a look at what has been going on at the Phase I construction site of Northern Stacks. Paul Hyde has been sharing updates from his visits to the site on Hyde Development’s Facebook and Twitter profiles. Check out some of the highlights below:

Construction begins

Construction begins





















Cleaning up the junk

Cleaning up the junk








































For more frequent updates on Northern Stacks, follow Hyde Development on social media:




Best in Real Estate Finalist

We are excited to announce that Northern Stacks (Former BAE Building) has been named a finalist for the Minneapolis/St. Paul Business Journal’s Best in Real Estate Awards. A panel of real estate experts selected the finalists, along with winners in 16 categories, honoring the top developments, deals and industry players of 2013.

See all of the Finalists