Long Term Care Group Completes Lease Extension

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Cushman & Wakefield’s MSP Advisory Services Team represented Long Term Care Group in a lease extension of 55,560 SF of office space on the 1st, 3rd and 6th floors of Prairie Lakes Corporate Center, 11010 Prairie Lakes Drive, Eden Prairie, Minnesota. Kraus-Anderson Incorporated was the Landlord.

Long Term Care Group is a leading provider of business process outsourcing for the insurance industry. The nation’s largest insurers rely on Long Term Care Group’s unparalleled expertise to help manage their complex long term care portfolios and maximize their financial performance. They provide advanced risk management insight built upon their unique and proprietary long term care underwriting and claims databases. They also offer a full spectrum of support services ranging from application processing and underwriting to care management and in-home assessments.

Cushman & Wakefield Hired to Sell Former Saint Paul Public Schools Building

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Saint Paul Public Schools has hired Cushman & Wakefield to facilitate a sale of the former Riverside Elementary school building at 900 Albion Avenue in St. Paul.

The team of Paul Donovan, Jaclyn May and Jeremy Striffler will list the property for sale, with the most likely outcome a thoughtful redevelopment of the 5.4-acre site. The site is guided for mixed-use, as part of the West Seventh Street transit corridor, and is also part of the popular Highland neighborhood and a short drive from the St. Paul Central Business District.

“There are a lot of great things happening on West Seventh,” said Tom Parent, Director of Facilities for Saint Paul Public Schools. “But this property isn’t part of the school district’s strategic needs for the next decade, and the resources that go into it are better utilized in supporting our 71 other sites.

The West Seventh Street and Highland Park areas have been magnets for new multifamily, hospitality and retail development and redevelopment during the past decade. Nearby Shepard Road and West Seventh are popular corridors for mixed-use multifamily housing. Positioned on the southwest quadrant of Seventh Street and Interstate 35E, the location provides easy access to the downtown St. Paul core, as well as the Mall of America and Minneapolis/St. Paul International Airport.

For more information on the Saint Paul Public Schools site, visit spps.org/900albion.

MSP Advisory Services Team Leads Site Selection Process for Crescent Cove

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After years of planning and fundraising, Crescent Cove, a nonprofit Lindenfelser founded in 2009, is in the process of buying a facility in Brooklyn Center that will one day house the state’s first community children’s hospice and respite home — and one of only a few such facilities in the country. The nonprofit expects to welcome its first families in October.

The MSP Advisory Services Team is leading the site search/selection process with other volunteers for Crescent Cove on a pro-bono basis.

View Star Tribune article.

View Real Estate Journal article.