West Submarkets New Class A Asset Continues to See Strong Interest
June 29, 2021
Minneapolis – Transwestern Real Estate Services (TRS) announces that Radisson Hotel Group Americas signed a 36,000 square-foot, long-term lease at 10 West End at 1601 Utica Ave. South in St. Louis Park. Radisson Hotel Group Americas, one of the world’s largest hotel companies, is relocating their Minnesota-based headquarters from Minnetonka in January 2022. Transwestern Principal Mike Honsa represented the landlord in the transaction.
“The activity surrounding 10 West End remains strong,” said Honsa. “We expect to see continued increased activity as more and more companies finalize their return to work plans.”
Radisson Hotel Group Americas joins Two Harbors, Aerotek, CarVal, HDR, Blackburn and Charlie & Co. as tenants of 10 West End, an 11-story, 343,000-square-foot property developed by Ryan Companies and The Excelsior Group. Construction on 10 West End completed in January, making it the first Class A speculative office building delivered in the West submarket in over 20 years. Amenities include high-tech conferencing spaces, dynamic bike and fitness facilities, collaborative lobby workspaces, open air balconies on every floor, a top-floor tenant sky deck, free covered ramp parking and direct access to Central Park West.
“Radisson Hotel Group Americas is an incredible Minnesota-based hotel company and their long-term commitment to 10 West End further reinforces the demand for high quality suburban office space in the I-394 corridor,” said Tony Barranco, Senior Vice President of Real Estate Development at Ryan Companies. “I am excited to continue this momentum through the remainder of 2021.”
Kevin O’Neill of Colliers represented Radisson Hotel Group Americas in the transaction.
About Ryan Companies
Founded in 1938, Ryan Companies offers comprehensive commercial real estate services as a national developer, architect, capital investment consultant, builder and real estate manager with a focus on bringing lasting value to its customers and the communities in which it works. Ryan market depth includes retail, industrial, healthcare and senior living. Ryan development and corporate build-to-suit work spans a wide range of product types including office, mixed-use, hospitality, multifamily housing and mission critical facilities. Ryan has nearly 1,500 employees in 15 offices and has completed projects in 39 states. For more information, visit ryancompanies.com.
About The Excelsior Group
The Excelsior Group (TEG) is a full-service real estate firm specializing in commercial and residential real estate ownership, acquisition, and development. TEG provides boutique-level service, delivered in an honest and ethical manner to both private and institutional investors. Further, TEG manages an affiliated family of investment funds – Opportunity Partners Funds I- VI. In addition, the principals of TEG have developed in excess of 850,000 SF of office, industrial, retail, multifamily and residential real estate properties. Please visit ExcelsiorLLC.com for more information.
About Radisson Hotel Group Americas
Radisson Hotel Group Americas represents Radisson Hotels brands in the United States, Canada, Latin America, and the Caribbean. Combined with Radisson Hotel Group, representing Radisson Hotels in Europe, the Middle East, Africa, and Asia Pacific, Radisson Hotel Group Americas is one of the world's largest hotel companies with eight distinctive hotel brands and more than 1,500 hotels in operation and under development in 120 countries.
The Radisson Hotel Group Americas portfolio of brands includes Radisson Collection, Radisson Blu, Radisson RED, Radisson Individuals, Radisson, Park Plaza, Park Inn by Radisson, and Country Inn & Suites by Radisson, brought together under the overarching Radisson Hotels Americas name.
Radisson Hotel Group Americas takes pride in its Every Moment Matters brand promise to always provide guests with exceptional experiences. In addition, the Radisson Rewards loyalty program delivers unique and personalized ways to create memorable moments and outstanding loyalty benefits for guests, meeting planners, travel agents, and business partners.
Radisson Meetings Americas treats every meeting or event as more than just a date on the calendar with three strong service commitments: Personal, Professional and Memorable, while delivering on the brilliant basics of the signature Yes I Can! service spirit and being uniquely 100% carbon neutral.
More than 100,000 team members work at Radisson Hotel Group Americas, Radisson Hotel Group, and the hotels licensed to operate in its systems.
For more information, visit www.radissonhotelsamericas.com.
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About Transwestern Real Estate Services
Transwestern Real Estate Services (TRS) adds value for investors, owners, and occupiers of all commercial property types through a comprehensive perspective and by providing solutions grounded in sound market intelligence. Part of the Transwestern companies, the firm applies a consultative approach to Agency Leasing, Asset Services, Occupier Solutions, Capital Markets, and Research & Investment Analytics.
The privately held Transwestern companies have been delivering a higher level of personalized service and innovative real estate solutions since 1978. An integrated approach formed from fresh ideas drives value for clients across commercial real estate services, development, investment management and opportunistic programs for high-net-worth investors. The firm operates through 34 U.S. offices and global alliances with BNP Paribas Real Estate and Devencore. Learn more at transwestern.com and @Transwestern.