Cushman & Wakefield Offers TIES Properties For Sale

Rare Investment, Adaptive Re-Use Properties Available For Offers Starting June 1

Paul Donovan, Jaclyn May, Jeremy Striffler of Cushman & Wakefield’s Minneapolis-St. Paul office are accepting offers for the properties at 1667 Snelling Ave. N. in Falcon Heights, a rare investment, redevelopment or adaptive re-use opportunity, beginning immediately.

The Cushman & Wakefield team is representing TIES, a Minnesota-based educational technology solutions collaborative owned by 48 member districts, in the disposition of the properties in Falcon Heights, on the southwest corner of Snelling Avenue and Larpenteur Avenue West.

“1667 Snelling represents a quality investment or redevelopment opportunity for the right buyer,” said May. “The property is in an exciting location and presents a multitude of possibilities for its next owner.”

The site is rich with history and unique character.  The property served as an office for the Farmers Union Grain Terminal Association and opened in January of 1947.  The GTA was an outgrowth of earlier organizations, including the Equity Cooperative Exchange (former 1908), the St. Paul Grain Exchange (1914), the Farmers Union Terminal Association (1926), and the Farmers National Grain Corporation (1930s).

The properties are set across three-parcels and include a four-story former office building and data center, and a skyway attached conference/event center. The 106,404-square-foot (sf) main office building was constructed in 1946/1957 and the 55,084-sf conference center was built in 2015. The site totals 6.4 acres, including some undeveloped land to the west of the buildings.

The TIES campus is mere blocks north of the Minnesota State Fairgrounds and Como Regional Park, and are within miles of the future site of Allianz Field, the booming Prospect Park neighborhood and the University of Minnesota.

Offers for the TIES properties are due to Cushman & Wakefield by July 31.  Requests for the Offering Memorandum can be made to Jeremy Striffler at 612-305-2108 or Jeremy.Striffler@cushwake.com.

JACLYN MAY DISCUSSES TWIN CITIES OFFICE MARKET

Jaclyn May, a senior member of Cushman & Wakefield’s MSP Advisory Services Team, discussed Twin Cities office market conditions in an article recently published by Twin Cities Business. Click here to read the article, entitled “Office Vacancies on the Rise”, which addresses the challenges associated with finding quality office space in today’s market despite higher vacancy levels in some submarkets.

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Collabera is ranked among the top 10 Information Technology (IT) and professional staffing firms in the U.S., with more than $600 million in sales revenue and a global presence that represents approximately 15,000+ professionals across North America, Asia Pacific and Europe. They support their clients with a strong recruitment model and a sincere commitment to their success, which is why more than 90% of their enterprise clients rank them amongst their top three staffing suppliers by performance.

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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.

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Alliance Game Distributors is a recognized leader in the gaming industry, offering an exceptional range of services and programs to our customers. They specialize in the distribution of board games, card games, miniatures, role playing games and thousands of gaming tools and accessories. With 5 warehouses across the country, they work with over 250 vendors to provide a large variety of games to retailers around the world.

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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.

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U.S. Bancorp is an American financial services holding company based in Minneapolis, Minnesota, that is the parent company of the U.S. Bank National Association, known as U.S. Bank, the 5th largest commercial bank in the United States.

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Represented KRW International, Inc. in a lease extension of 3,516 SF of office space on the 5th Floor at Baker Building, 706 Second Avenue North, Minneapolis. St. Paul Fire and Marine Insurance Company was the Landlord.

KRW International, Inc. partners with Global 1000 firms and executives to capture untapped value from their Leadership Effect. Using revolutionary research pinpointing character as the source code for financial performance, KRW moves leaders and their teams up the character curve to claim greater profits – the Return on Character.