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United Properties Market Activity Page 1 of 4 M~RK~~` A`1l11`Y "' ~q 1._! :.. , ::, January 1 through March 31, 2007 f'.t~w4r ';~~:i~.us`ea;ures fr_:sn Jump to: OFFICE INDUSTRIAL RETAIL INVESTMENTS ~ ~~~~~ -~~ ^ OFFICE MARKET West ~c~ttvifF br su'; ~ ~~~~ • Buffalo Wild Wings signed a 10-year lease for 44,000 sq. ft. at the Colonnade on Wayzata Boulevard in Golden Valley starting October 1, 2007. The company is vacating 17,000 sq. ft. i:.~s; 3 ~ ~,~ ~,~~ >vt~~r_x}~~r~~=. in at the 1600 Tower. ~,~~ rite:~,~tsti~a, • Three major leases were signed at Metropoint in St. Louis Park. UnitedHealth Group will take 59,000 sq. ft. at the South building effective August 1. Aetna will vacate 38,000 sq. ft. at Acc ; ~ wr ;,,r.~ _~ ~_-,,, „t Crescent Ridge to relocate to Metropoint North and take 44,000 sq. ft. as of October 1. Wells ~d~r~et f~~~~rr~ Fargo insurance expanded by 9,000 sq. ft. for a total of 54,000 sq. ft. in the Tower in March 2007 and extended their lease for another five years. These transactions will help offset the 92,000 sq. ft. that Allianz Life Insurance vacated at the end of February to relocate to its own facility. ! " li 11 { «`~ ~ ` ~? • As of May 1, HCC Benefits Corporation will vacate 20,000 sq. ft. at Metropoint North and , { ~ ~ ~ ~.^ € ~ ~ ~ ' 11,000 sq. ft. at 605 Waterford Park to move into 25,000 sq. ft. at Crescent Ridge Corporate Center on Wayzata Boulevard in Minnetonka. Southwest • Anew, two-building, 450,000-sq.-ft. build-to-suit project for Cargill is now under construction at Excelsior Crossings in Hopkins. • United Health Group signed a lease for 70,000 sq. ft. at Market Pointe in Bloomington, bringing the building to 100% occupancy. The property is now being marketed for sale. • SuperValu has taken 350,000 sq. ft. at the former Best Buy headquarters site in Eden Prairie at Shady Oak Road and Highway 212. The lease is believed to be for five years and would still allow LIberty to develop 130,000 sq. ft. on the existing site. South/Airport • No significant transactions to report. Northwest • ChildrenJane Claytons Health Care signed a 10-year lease at Maple Grove Executive Plaza on Elm Creek Boulevard for nearly 13,000 sq. ft., effective February 1. • Verifications expanded their space by 7,500 sq. ft. at Wedgwood Commerce Center I in Maple Grove and extended their lease. The company now occupies just over 17,000 sq. ft. • Occupancy at Bell Tower South on Kirkwood Court in Maple Grove increased to 47%. The larger tenants in the building include Mortgages Unlimited with 8,500 sq. ft., Atacom with 6,500 sq. ft. and Hogue Clinic with 7,500 sq. ft. Minneapolis CBD • Minute Clinic signed aseven-year lease for 52,650 sq. ft. at International Center on Second Avenue South. Commencing July 1, the lease encompasses space on second, third and fourth floors with expansion options for the fifth floor. http://outlook.uproperties.com/features/2007/2007Apri1_MarketActivity.htm 5/11 /2007