Arctic Cat moving HQ to downtown Minneapolis
Arctic Cat is moving its headquarters from Plymouth to a historic brick building in Minneapolis' trendy North Loop neighborhood.
The maker of snowmobiles and off-road vehicles will lease the Western Container building at 500 North 3rd Street, which offers five times the space Arctic Cat has in Plymouth.
CEO Chris Metz says the company needs more space as it strives for a 50 percent sales increase by 2020. He expects the new headquarters location should help attract employees.
"We like the central location of the North Loop," Metz said. "It's accessible by mass transit. And we love the fact that it's probably the hippest and coolest place to be in the Twin Cities area."
Between new hires and transfers, he expects the company could have 150 to 200 employees in Minneapolis within a few years.
The company will begin to move into the Minneapolis building in June.
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