West Submarket's Newest Class A Asset Starts 2022 Off with Strong Leasing Activity
February 15, 2022
Minneapolis – Transwestern Real Estate Services (TRS) announces that six new leases, totaling 46,000 square feet, have been signed at 10 West End at 1601 Utica Ave. South in St. Louis Park, Minnesota. Touchpoint Media, Old National Bank, Makwa Global, World Wide Technology, and Hirtle Callaghan will be moving in to the Class A asset later this year. Transwestern Principal Mike Honsa represented the landlord in the transactions.
“We are seeing unprecedented leasing activity at 10 West End and these new leases bring us to 70% occupancy,” said Honsa. “It is a clear sign that companies are ready to get back to the office.”
10 West End is an 11-story, 343,000-square-foot property developed by Ryan Companies, The Excelsior Group and Sotarra. 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.
“We’re excited to welcome this impressive group of tenants to the property,” said Peter Fitzgerald, Vice President of Real Estate Development at Ryan Companies. “10 West End offers an enhanced experience catering to the needs of today’s tenant.”
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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 Twin Cities-based developer with more than 20 years of experience in developing, funding, and operating mixed-use and commercial properties. We specialize in creating spaces that connect emotionally with residents and integrate synergistically with communities. We are a nimble company driven by creativity and innovation. TEG has operated several businesses in the real estate industry, including office development, redevelopment, and property management, commercial tenant advisory and brokerage, land development, and homebuilder finance and is currently focused on multifamily development and asset management Please visit ExcelsiorLLC.com for more information
Sotarra is a full-service real estate investment firm specializing in the acquisition, development and redevelopment of residential and commercial properties throughout the Twin Cities MSA. Sotarra provides boutique-level service, delivered in an honest and ethical manner to both private and institutional investors. Sotarra principals have developed more than 850,000 SF of office, industrial, retail, multifamily and residential real estate properties. Further, Sotarra manages an affiliated family of investment funds – Opportunity Partners Funds I- VI. Please visit Sotarra.com for more information.
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, Tenant Advisory + Workplace 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. Through an integrated, customized approach that begins with good ideas, the firm drives value for clients across commercial real estate services, development, and investment management. Operating from 33 U.S. offices, Transwestern extends its platform capabilities globally through strategic alliance partners whose unique geographic, cultural, and business expertise fuels creative solutions. Learn more at transwestern.com and @Transwestern.