Minnesota

Ryan Cos. to Open 60,000 SF Medical Office Building at Highland Bridge in St. Paul

by Kristin Harlow March 2, 2023

ST. PAUL, MINN. — Ryan Cos. will host a ribbon-cutting ceremony on Tuesday, March 7 for the opening of a two-story, 60,000-square-foot medical office building at Highland Bridge in St. Paul.The building is 85 percent leased by M Health Fairview, Dermatology Consultants, LifeStance Health, Highland Foot and Ankle Clinic and RAYUS Radiology. M Health Fairview’s clinic will occupy the second floor, with a pharmacy on the first floor. The clinic will provide primary care services, including family, women’s and general pediatric care. Urgent care with extended and weekend hours will also be offered to the community. M Health Fairview Rehabilitation Services, which offers physical therapy and sports medicine, will also be part of the new space. The existing M Health Fairview clinic at 2155 Ford Parkway is now operating out of the Highland Bridge location. Dermatology Consultants will occupy 12,000 square feet on the first floor and will move its practice from its existing St. Paul location at 280 Snelling Ave. in May. LifeStance Health will occupy 4,100 square feet on the first floor. Highland Foot and Ankle Clinic relocated its practice from 2221 Ford Parkway and will lease 1,600 square feet. RAYUS Radiology will occupy 6,400 square feet. There …

March 2, 2023

Development Midwest Minnesota Office

LSE Architects Opens New 36,000 SF Headquarters in North Minneapolis

by Kristin Harlow March 2, 2023

MINNEAPOLIS — LSE Architects has opened a new 36,000-square-foot headquarters at 1401 Glenwood Ave. in North Minneapolis. The two-story office features 60 workstations, three private offices, an enclosed garage with 10 parking stalls and an exterior lot with 50 parking spaces. Kraus-Anderson served as construction manager. LSE projects near the new office include Hennepin County’s Sumner Library, the Washburn Center for Children, North Market, the MPS North High School Career and Technology Center renovation and the V3 Sports new aquatics center.

March 2, 2023

Acquisitions Midwest Minnesota Restaurant Retail

Marcus & Millichap Brokers $2.3M Sale of Buca Di Beppo-Occupied Restaurant Property in Minnesota

by Kristin Harlow February 23, 2023

EDEN PRAIRIE, MINN. — Marcus & Millichap has brokered the $2.3 million sale of an 8,276-square-foot restaurant property occupied by Buca Di Beppo in the Minneapolis suburb of Eden Prairie. The net-leased building is located at 7711 Mitchell Road. Tom Gommels of Marcus & Millichap represented the seller, a limited liability company. Alvin Mansour and Sim Liberow of Marcus & Millichap represented the buyer, a limited liability company completing a 1031 exchange.

February 23, 2023

Leasing Activity Midwest Minnesota Office

SFM Mutual Insurance Co. Renews 49,490 SF Office Lease in Metro Minneapolis

by Kristin Harlow February 20, 2023

BLOOMINGTON, MINN. — SFM Mutual Insurance Co. has renewed its 49,490-square-foot office lease at Northland Center in the Minneapolis suburb of Bloomington. KBS owns the two-building, 492,514-square-foot property. Amenities include a 40,000-square-foot concourse level offering public areas, 5,000-square-foot fitness center, full-service café, training and conference facilities, atrium lounge, onsite car wash and sundry shop. Bill Rothstein of Cushman & Wakefield represented KBS in the lease. KBS recently completed a $1 million renovation of Northland Center.

February 20, 2023

Civic Development Midwest Minnesota

Kraus-Anderson Completes Construction of $26M Middle School in Lakefield, Minnesota

by Kristin Harlow February 14, 2023

LAKEFIELD, MINN. — Kraus-Anderson (KA) has completed construction of Jackson County Central Middle School in Lakefield, a city in southern Minnesota. JLG Architects designed the $26 million, 84,000-square-foot project. The school features multiple classrooms, including career and tech education learning spaces, as well as a gymnasium, kitchen and band and choir areas. Voters passed a $35.4 million district bond referendum in late 2019. The referendum addressed the district’s needs for facility replacement and improvements. KA renovated the district’s Pleasantview Elementary School in April 2021.

February 14, 2023

Acquisitions Midwest Minnesota Multifamily

Marcus & Millichap Brokers $2.2M Sale of Multifamily Portfolio in St. Paul

by Kristin Harlow February 14, 2023

ST. PAUL, MINN. — Marcus & Millichap has brokered the sale of a multifamily portfolio in St. Paul for $2.2 million. The portfolio consists of twin 10-unit properties, both of which rise two stories and were constructed in 1949. Abe Roberts, Evan Miller and Chris Collins of Marcus & Millichap represented the seller and procured the buyer, neither of which were disclosed.

February 14, 2023

Civic Development Midwest Minnesota

Kraus-Anderson Completes Construction of $122M Rock Ridge Career Academy High School in Minnesota

by Kristin Harlow February 8, 2023

VIRGINIA, MINN. — Kraus-Anderson has completed construction of Rock Ridge Career Academy High School, which utilizes a new model of education for students to explore different occupations and identify potential careers. The $122 million project, which is part of Rock Ridge Public Schools’ plans for more than $190 million in construction and demolition projects, totals 280,000 square feet and is located in Virginia, a city in Northwest Minnesota. The school offers career tracks within three different categories, including: (1) business management, administration, arts, communications and information systems; (2) health and human services; and (3) agriculture, food, manufacturing, construction, engineering and science. Designed by Cuningham Group Architecture alongside local firm DSGW Architects, the school features a variety of lab spaces as well as a pool, gymnasium, stadium, performing arts center and turf fields.

February 8, 2023

Development Midwest Minnesota Multifamily

Wiegmann Associates Begins Mechanical Work on 308-Unit Multifamily Project in Minneapolis

by Kristin Harlow February 7, 2023

MINNEAPOLIS — Wiegmann Associates has begun work on a new six-story, 308-unit multifamily project in the Dinkytown neighborhood of Minneapolis. As the engineer of record and mechanical contractor, Wiegmann is responsible for designing, coordinating and managing the installation of the mechanical systems for the 487,000-square-foot building. The developer is targeting LEED Silver or MN B3 certification, which requires that the HVAC systems meet strict energy-efficiency standards. The B3 guidelines, which can be applied to new buildings or renovations to meet sustainability goals, are required on all projects that receive general obligation bond funding from the State of Minnesota. Completion is slated for this June. The project site is a combination of six different parcels that previously housed surface parking lots and a number of one- and two-story commercial buildings home to businesses such as Subway, Dinkytown Liquors and McDonald’s. The new development will include commercial spaces and affordable student housing units for the adjacent University of Minnesota’s Twin Cities campus. The project team includes general contractor Catalyst Construction, architect BKV Group and developer CA Ventures.

February 7, 2023

Development Midwest Minnesota Multifamily Student Housing

Landmark Properties to Develop 1,021-Bed Student Housing Community Near University of Minnesota

by Kristin Harlow February 2, 2023

MINNEAPOLIS — Student housing developer Landmark Properties is undertaking its first development project in Minnesota, a 1,021-bed student housing community located within walking distance of the University of Minnesota in Minneapolis. Named The Standard at Dinkytown, the project will offer several floor plans ranging from studios to five-bedroom units with 30 affordable housing units. Rental rates at the property will include cable, internet, trash and all furniture. Amenities will include an outdoor pool area with a jumbotron, sun deck, cabanas, outdoor grilling stations and rooftop hot tub as well as a fitness center, clubhouse, gaming lounge, study lounge and Amazon package lockers. Construction is expected to begin this year and be completed in fall 2025. The University of Minnesota enrolls more than 50,000 students each fall.

February 2, 2023

Development Midwest Minnesota Multifamily

Kraus-Anderson Completes Construction of $66M Luxury Apartment Tower in Downtown Minneapolis

by Kristin Harlow February 2, 2023

MINNEAPOLIS — Kraus-Anderson has completed construction of Moment, a $66 million luxury apartment tower developed by Sherman Associates in downtown Minneapolis. Designed by ESG Architecture & Design, the 222-unit project is located at 650 Portland Ave. The second floor of the 10-story building is home to Firefighters for Healing and its Transitional Healing Center for injured fighters and burn survivors. The center provides 12 suites for families awaiting a patient receiving care at nearby Hennepin Healthcare Burn Unit, a regional center for burn treatment. It also accommodates discharged patients as they transition before returning home. Amenities at Moment include a pool, sauna, hot tub, sports simulator, work-from-home space, rooftop lounge and underground parking. Energy usage for Moment is offset by energy production from a solar garden in Carver County. The project also features nearly 15,000 square feet of commercial space with skyway access. A Starbucks store is expected to open this spring. Monthly rents start at $1,657, according to the property’s website. The name Moment is derived from the phrase “live in the moment.”

February 2, 2023

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