ROSEVILLE, MN – January 21, 2014 Trammell Crow Company (TCC), one of the nation’s largest commercial real estate developers and investors, and partner Artis REIT announce a Fortune 500 medical device company has signed a long-term lease to fully occupy Midtown Business Center, a 185,407 square foot industrial development Roseville, MN. The building was completed in December 2013 and Artis REIT will continue as the landlord/owner of the property.
“We are very pleased to welcome the employees of such a great company to Midtown Business Center,” said Grady Hamilton, Principal with Trammell Crow Company’s Chicago Business Unit. “Our timing perfectly aligned with their expansion needs. Our customer selected this building because of its unparalleled location and its Class A qualities, including the 32’ clear height.”
Midtown Business Center is a unique infill industrial building within a highly active industrial park that offers direct access to I-35W, MN-36 and MN-280. In addition, the building is four miles from the Minneapolis CBD, features 32’ clear height, 28 loading docks, two drive-in doors, an ESFR sprinkler system, 25 trailer drops and 155 car parking spaces.
Matt Oelschlager and John Ryden of CBRE’s Bloomington, MN office represented the ownership in the lease transaction. Mark Kolsrud and Robin Zellmer with Colliers/Welsh represented the tenant.
Edward Farr Architects served as the lead architect, R.J. Ryan Construction was the general contractor and Alliant Engineering provided civil engineering services.
Midtown Business Center marks the first of three Minneapolis-area project completions for Trammell Crow Company slated for 2014. In addition to this successful project, under its High Street Residential subsidiary, TCC is also underway with Junction Flats, a 182-unit apartment project in the North Loop neighborhood of Minneapolis, and Arcata, a 165-unit apartment project located at the intersection of I-394 and Xenia in Golden Valley.
About Trammell Crow Company
Trammell Crow Company, founded in 1948, is one of the nation’s leading developers and investors in commercial real estate. The Company has developed or acquired nearly 2,600 buildings valued at nearly $60 billion and over 540 million square feet. As of September 30, 2013, Trammell Crow Company had over $5.2 billion of projects in process and $1.6 billion in its pipeline.
Trammell Crow Company’s teams are dedicated to building value for its clients with professionals in 15 major cities throughout the United States. The company serves users of and investors in, office, industrial, retail, healthcare, multi-family residential and mixed use projects. For those who occupy real estate, TCC can execute the development or acquisition of facilities tailored to meet its clients’ needs. For investor clients, the company offers large strategic joint ventures, opportunity funds, and other targeted investment options.
Trammell Crow Company is an independently operated subsidiary of CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, and the world’s largest commercial real estate services and investment firm (in terms of 2012 revenue). For more information visit www.TrammellCrow.com.