MSP ADVISORY SERVICES TEAM HELPS MINNEAPOLIS CHURCH LEASE SCHOOL BUILDING

KIPP Minnesota signed a five-year lease with the Church of St. Anne – St. Joseph Hien for the former private school building at 2620 Russell Avenue North in Minneapolis, Minnesota. KIPP will take occupancy this July ahead of the 2019-2020 school year.

Jeremy Striffler of the MSP Advisory Services Team represented the Parish in the transaction.

KIPP’s mission is to establish and operate high performing public schools in the Twin Cities that confront educational inequity by delivering academic excellence and cultivating leadership skills to ensure all students succeed in college and life. The new campus is part of KIPP’s strategic plan to grow to four schools – two primary schools and two middle schools – serving over 1,000 students in grades K-8 by 2024.

Click here to read the recent article published by CoStar.

C&W Represents Briggs and Morgan in Lease Renewal

The Cushman & Wakefield MSP Advisory Services Team represented Briggs and Morgan, a full-service law firm, in a 93,000-square-foot lease renewal at IDS Center in downtown Minneapolis. The firm plans to fully renovate its space, which is located on floors 22 through 25. Plans call for a more modern, open and collaborative space.
Click here to read a recent article that appeared in Minneapolis St. Paul Business Journal.

MSP Advisory Services Team Helps St. Paul Church Lease School Building

The St. Paul School of Northern Lights signed a five-year lease with the Church of St. Francis De Sales for the former private school building at 426 Osceola Ave. S. in Saint Paul, Minnesota. The building totals 39,501 square feet and the school will occupy the entire building when it opens in time for the fall 2019 school year. Jeremy Striffler of the MSP Advisory Services Team represented the Parish in the transaction.
Northern Lights is a free K-8 public charter school devoted to exploration of our urban ecosystem, relationship-based learning, and educating curious critical thinkers.

Click here to read the recent article published by CoStar.

MSP Advisory Services Team Helps NuWay Purchase New St. Paul Facility

The Cushman & Wakefield MSP Advisory Services Team represented NuWay House, Inc., a Minneapolis-based provider of treatment for people in recovery from addiction, in the purchase of a 77,517 square feet at 1246 University Avenue West, St. Paul, Minnesota.  The facility will serve about 250 to 300 people and offers the organization a permanent location in St. Paul.

Click here to read a recent article that appeared in Minneapolis St. Paul Business Journal.

Merchant & Gould Relocating to Fifth Street Towers

Merchant & Gould, a leading full-service intellectual property law firm, will relocate its Minneapolis offices from the IDS Center to Fifth Street Towers.

The Cushman & Wakefield team of Paul Donovan, Jaclyn May and Jeremy Striffler advised the firm, which was founded in 1900, in its real estate decision making process. Jennifer Stumm, Senior Project Manager, will oversee the buildout of the new space on the client’s behalf.

The move, to take place in August 2019, will allow the firm to create a more collaborative space better suited for the current practice, innovative culture, future firm growth and ongoing client needs.

“Since moving into our current space nearly 18 years ago, advances in technology have allowed us to move to an environmentally-sound, paperless environment and significantly reduce our footprint,” said Christopher Leonard, Managing Director, CEO and Chairman of the Board for Merchant & Gould. “For example, we no longer require the extra space allotted for an expansive library, obsolete file cabinets, and outdated equipment and systems. The new set-up will be more efficient with one-size offices; have more collaborative, open workspaces; feature ergonomic furnishings and more natural light for a healthier work environment, and include updated technology in a state-of-the-art setting.”

The firm will occupy 40,246 square feet on the 21st and 22nd floors of the 150 Fifth Street Towers building beginning late next summer.

Click here to read a recent article that appeared in Finance & Commerce.

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.

MSP Advisory Services Team helps Collabera Expand Minneapolis Office

Cushman & Wakefield MSP Advisory Services Team represented Collabera Inc. in a five year lease of 4,251 square feet at Fifth Street Towers, 100 South 5th Street, Minneapolis, Minnesota.  Fifth Street Towers Properties LLC was the Landlord.  The new office location allowed Collabera to expand its Minneapolis footprint to accommodate its growth and future plans in the Twin Cities.

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.

DONOVAN AND MAY DISCUSS TRENDS IN LEGAL OFFICE SPACE

Paul Donovan and Jaclyn May, senior members of Cushman & Wakefield’s MSP Advisory Services Team, co-authored an article recently featured in Bench & Bar of Minnesota, the official publication of the Minnesota State Bar Association. Click here to read the article, entitled “Rethinking the Law Office: Trends in legal office space”, which offers insights on office space utilization trends by law firms.

C&W Makes Reader Rankings 2017

Cushman & Wakefield was recognized as the BEST in several categories in the Finance & Commerce Reader Rankings 2017.   The MSP Advisory Services Team was a big part of the BEST Tenant Representation rating vs. some very formidable competitors.   Click here to view the full Reader Rankings 2017.