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EDA approves one‑year lease renewal with Concrete Mobility at River City Center
Summary
The Shakopee Economic Development Authority approved a one‑year lease extension for Concrete Mobility at the River City Center through June 30, 2026; staff said the tenant has been reliable and will vacate after this renewal, allowing marketing of the space.
The Shakopee Economic Development Authority on June 3 approved a one‑year lease renewal with Concrete Mobility for office/space at the River City Center, extending the term from July 1, 2025 through June 30, 2026.
EDA staff presented the renewal and described Concrete Mobility as a long‑time, reliable tenant with a small on‑site staff that pays rent in advance. The lease renewal was moved by a board member and seconded; the motion passed by voice vote.
Nut graf: Staff said the renewal is the tenant’s last renewal and that the tenant will vacate after the one‑year term, allowing the EDA an opportunity to market and pursue re‑use of the space. The board approved the extension to maintain occupancy and revenue in the near term.
The motion included a monthly rate referenced in the record; the transcript text contains a numeric phrase that appears garbled. Staff said the renewal provides the EDA time to market the space after the tenant vacates; no additional terms or amendments were recorded during the meeting.
