Minneapolis - St. Paul Commercial Real Estate
Serving the Minneapolis | St. Paul Metropolitan Area
13 Nov 15
CBRE offers for sale the Lake Calhoun Center in Minneapolis
CBRE is offering for sale the 150,150-square-foot Lake Calhoun Center, a landmark, one-of-a-kind, office property located on the shores of Lake Calhoun in the Uptown area of Minneapolis. The property is being sold on behalf of its owner, The Ackerberg Group.Read More
The Uptown area has a large concentration of young professionals attracted to the area’s outdoor recreation, transportation and housing amenities. The Chain of Lakes surrounding Lake Calhoun Center is also home to many C-level executives from Minneapolis’ largest companies.
“Lake Calhoun Center has been one of the top performing office buildings in the Minneapolis market and will allow a new owner to capitalize on the trend for tenants using real estate as a tool to attract millennial workers,” said Steve Buss, Executive Vice President, Capital Markets, CBRE.
06 Nov 15
CBRE arranges new 345,000 SF corporate headquarters lease for Bluestem Brands
CBRE executed a new 345,000-square-foot lease at the Golden Triangle Innovation Center in Eden Prairie for Bluestem Brands, Inc. The Minneapolis-based team of Kurt Knoff, John Ferlita and Tom DeSautel represented Bluestem Brands. The company plans to move 750 employees to the new space starting in March 2016. The new headquarters provides room for significant growth for Bluestem’s future needs. Knoff and his team specialize in providing corporate occupier representation services.Read more in the MSP Business Journal
30 Oct 15
CBRE's Multifamily Group announces sale of a 276-unit luxury rental townhome community
CBRE announced today that it has sold the 276-unit rental townhome community GrandeVille at Cascade Lake in Rochester, Minnesota. Keith Collins, Ted Abramson, Abe Appert, and Laura Hanneman of CBRE’s Minneapolis office represented the seller, GrandeVille at Cascade Lake, LP, an entity controlled by LeCesse Development Corp. (Alamonte Springs, FL). IRET Properties based in Minot, North Dakota purchased GrandeVille at Cascade Lake for $56,000,000. This is IRET’s 10th multifamily property in its Rochester portfolio.Read More
28 Oct 15
CBRE's Multifamily Group announces sale of 218-unit new construction apartment community in downtown Minneapolis
CBRE announced today that it sold the 218-unit 7West Apartments in Downtown Minneapolis, Minnesota. Keith Collins, Abe Appert and Laura Hanneman of CBRE’s Minneapolis office represented the seller, Eden Prairie-based Grandma’s Associates, LLC. Read More
Weidner Apartment Homes, based in Kirkland, Washington, purchased 7West for $54,500,000.
19 Oct 15
CBRE and Partners Announce New Class A Office Tower in Minnetonka
CBRE and partners Artis REIT and Ryan Companies US, Inc. have announced plans for 801 Carlson – a world-class 14-story office tower on the Interstate 394 corridor in Minnetonka.
Located at the intersection of I-394 and I-494, 801 Carlson will have over 317,000 square feet of rentable space in 10 floors above an executive lobby and climate-controlled parking. This built-to-suit project offers a unique opportunity for new Class A office space in the highly sought after west I-394 market, ideal for a new corporate headquarters.
“With a prestigious Carlson Parkway address, 801 Carlson is the only large block opportunity on the I-394 corridor west of I-494 and offers great branding potential for companies looking to enhance their workplace with premium outdoor space and amenities,” said CBRE Senior Vice President Brian Wasserman. CBRE will oversee leasing and management of 801 Carlson.
CBRE began operations in the Minneapolis/St. Paul area in 1974. Our success in the Minneapolis/St. Paul area can be credited to the entire staff and senior leadership's commitment to collaboration, transparency, ethics, education and true client focus.
CBRE Minneapolis/St. Paul delivers superior service to its clients through diverse service lines; we combine brokerage, capital markets, institutional, land, corporate services, asset services, facilities management, valuation, project management and financial services more effectively than any other commercial real estate company in the world.