7. EDSR 11-13-2007 - Laserfiche WebLink

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United Properties Market Activity Page 1 of 4 July 1 through September 30, 2007 E,r~r~t~ Frt{wi~~us lea~re~ +,r~ ri Jump to: OFFICE MEDICAL OFFICE INDUSTRIAL RETAIL INVESTMENTS I I I I ~ "°' '~'' ~ ~ ~~" OFFICE MARKET KG'i i W ^`~~KC(dt a l'7`~S 3'~~ J'i West v.. i , --u ~,~~~.:. • Willis of Minnesota plans to occupy 29,000 sq. ft. in Duke's 1600 Tower in St. Louis Park and vacate space at 4000 Olson Memorial Highway in Golden Valley in the first quarter of 2008. ~;. ,-_a_t ~~3 ~;~, „ F,.u;• iUs • Mortenson Construction will back-fill the vacated Willis space at 4000 Olson Memorial Highway. ~ j, rC SS t'4f P°~a '„b tit ~Gk • Park Place East and West were sold in July by Guggenheim Partners Real Estate to a ~.1ar~zt f;~~p~<ts partnership between Golub & Company and AEW Capital Management. These properties, totaling 387,000 sq. ft., are located on I-394/Wayzata Boulevard in St. Louis Park. The buyers are planning to implement an extensive capital plan, including renovating the lobbies, elevators and signage. Major tenants include CDI Management Corporation and National i'_'r 7 ~ ~ 7 Arbitration Forum. CL,C?. EC:1~b' ~ Southwest • Benfield signed a lease for 130,000 sq. ft. at the new, 275,000-sq.-ft. 8200 Tower in Normandale Lake Office Park in Bloomington. Construction on the tower began in October. • CB Richard Ellis will be the lead tenant for the new Two Market Pointe project on the northwest corner of I-494 and France Avenue in Bloomington. The company signed a lease for 80,000 sq. ft. • Told Development has under construction a 100,000-sq.-ft. build-to-suit project for Alliant Tech Systems at 7590 Flying Cloud Drive in Eden Prairie. • General Dynamics signed a lease for 53,000 sq. ft. of office space at Hampshire Avenue Tech Center in Bloomington. South/Airport • AppTec Laboratory Services renewed along-term lease for 62,000 sq. ft. at 1201 Northland Drive in Mendota Heights. • Paychex renewed their lease for 30,000 sq. ft. at Mendota Heights Office Center III. • Champion Air renewed its 30,000-sq.-ft. lease at Riverview Office Tower in Bloomington. Northwest • Dex Media downsized its space to 50,000 sq. ft. and renewed its lease at 6401 Sycamore Court in Maple Grove. The remaining space in this 72,000-sq.-ft. building, which was fully occupied by Dex Media, will now be marketed for lease, bringing this building to the multi- tenant market. Minneapolis CBD • Law firm Stoel Rizes is expanding its Minneapolis office and has signed a 10-year lease for the entire 42nd floor and half of the 41st floor at 33 South Sixth Street. http://outlook.uproperties.com/features/2007/20070ctober_MarketActivity.htm 10/31/2007