CF Moto buys Plymouth headquarters from Endeavor Development

Chinese motorsports company CFMOTO has paid $18.1 million for its newly completed U.S. headquarters at 5005 Nathan Lane N. in Plymouth.

Established in Hangzhou, China, in 1989, CFMOTO now is in more than 60 countries and has been in the United States since 2002, according to its website. It established its U.S. headquarters in Plymouth in 2007.

Endeavor acquired the property from Plymouth-based United Hardware Distributing Co.

Minneapolis-based Mohagen Hansen designed the project, while R.J. Ryan Construction in Mendota Heights was the general contractor.

The building has nine docks, two drive-in doors and 28 feet of clear height. It’s one block west of Highway 169, with visibility from Schmidt Lake Road and Nathan Lane. The new headquarters features sales, marketing, vehicle development, design, parts and accessories, tech support and domestic shipping and receiving departments.

CFMOTO vehicle lines currently are manufactured in Thailand and China, with plans to open a new manufacturing facility in Mexico in 2024.

Read the full article online at Finance & Commerce.