June 07, 2018
MINNEAPOLIS, Minn.– Transwestern today announces it has been retained by GRE Colonial Warehouse LLC and The Excelsior Group to lease Colonial Warehouse, a 203,000-square-foot, creative class office and retail building at 212 Third Ave. in the North Loop neighborhood of Minneapolis, Minnesota. Transwestern’s Jim Montez, Teresa Borgen, and Nick Sveen are providing leasing services.
“The Colonial Warehouse ownership and management teams are excited to bring dynamic, contemporary amenities and programming to one of the North Loop’s most iconic buildings,” said Chris Culp, CEO of The Excelsior Group. “Our fitness center, tenant lounge, and tenant events are great additions to an already fantastic property.”
Renovated in 2018, the building added unique amenities including a tenant lounge, conferencing space, fitness center, bike storage and locker rooms. Colonial Warehouse’s proximity to top dining choices, residential options, entertainment, high-end retailers, and major roadways make the building a prominent creative office choice for many tenants in the highly desirable North Loop.
Prominent North Loop retailers MartinPatrick3, Moose & Sadie’s, and Grethen House are among the building’s distinguished tenants, along with many creative and technology firms, including Space150. The property currently has approximately 50,000 square feet available for lease.
“We are excited to work with ownership to elevate one of the North Loop originals to its proper position in the marketplace,” said Montez. “Colonial Warehouse offers tenants a work environment filled with character and history, as well as all the technology and amenities required by today’s workforce.”
Colonial Warehouse has been a North Loop fixture since 1885, originally constructed for the Minneapolis Street Railroad Company. The building has been listed on the National Register of Historic Places since 1989, architecturally defined by its series of two-story arched window bays.
Transwestern is a privately held real estate firm of collaborative entrepreneurs who deliver a higher level of personalized service – the Transwestern Experience. Specializing in Agency Leasing, Tenant Advisory, Capital Markets, Asset Services and Research, our fully integrated global enterprise adds value for investors, owners and occupiers of all commercial property types. We leverage market insights and operational expertise from members of the Transwestern family of companies specializing in development, real estate investment management and research. Based in Houston, Transwestern has 35 U.S. offices and assists clients through more than 211 offices in 36 countries as part of a strategic alliance with BNP Paribas Real Estate. Experience Extraordinary at transwestern.com and @Transwestern.
ABOUT THE EXCELSIOR GROUP
The Excelsior Group (TEG) is a full-service Minneapolis real estate firm offering boutique-level services in the fields of management, real estate investments and advisory services, homebuilder lending, and development.
Current management contracts consist of more than 1.5MM SF of commercial real estate, nearly 4,000 apartment units, including 900 under development, 1,000 acres of raw land, and 100 single-family home lots. Further, TEG manages an affiliated family of (6) investment funds, and the principals of TEG have developed in excess of 850,000 SF of office, industrial, retail, multifamily, and residential real estate properties.
For further information, The Excelsior Group Executive Team (Kim Culp, Chris Culp and Ted Glasrud), and Jim Jetland are available for comment.