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Cresa Minneapolis
920 Second Avenue South
Suite 900
Minneapolis, MN 55402
612.337.8498 tel
612.337.8459 fax
Map/Directions

Minneapolis

  • Minneapolis CBD

    Market Report

    Supply
    26,750,000
    Vacancy
    13.2%
    Absorption
    210,000 (2014)
    Avg. Lease Rate
    $22.63
  • Saint Paul CBD

    Market Report

    Supply
    7,700,000
    Vacancy
    18.7%
    Absorption
    55,000 (2014)
    Avg. Lease Rate
    $18.37 (FSG)
  • Southwest

    Market Report

    Supply
    15,800,000
    Vacancy
    15.5%
    Absorption
    165,000 (2014)
    Avg. Lease Rate
    $22.15 (FSG)
  • Bulk Warehouse

    Market Report

    Supply
    31,800,000
    Vacancy
    6.8%
    Absorption
    400,000 (2014)
    Avg. Lease Rate
    $6.00 - $6.75

Cresa Minneapolis was one of the first firms to pioneer a new way of doing business in the corporate real estate industry by serving only the users of space, and never more than one side in a transaction. By choosing to exclusively represent tenants in commercial real estate transactions, we avoid potential conflicts of interest. Since 1989, the Minneapolis office has had a strong ethic of building relationships, teamwork, and service delivery as evidenced in our broad range of integrative services. Our 23 real estate professionals average 18 years’ experience in the corporate real estate industry, and deliver exceptional local, national, and global real estate services to some of the nation’s leading companies. We take the time to think about business needs before we begin talking about real estate requirements, and always work in the best interests of our clients.

Our team is guided by the principle, “do the right thing,” and always works to have a reputation for treating people with integrity, both internally and externally. Cresa Minneapolis has been recognized as one of the “Best Places to Work” by the Minneapolis/St. Paul Business Journal for nine consecutive years and designated by Minnesota Business Magazine as one of the "Best Companies to Work For." Several of our members were awarded with the 2015 IFMA Exemplary Service Provider Award of Excellence and Cresa was the recipient of the 2013 Minnesota Business Ethics Award which honors businesses that exemplify high standards of ethical conduct in the workplace, the marketplace, and the community.

The Twin Cities, Minneapolis and St. Paul, have long been known for their large number of major headquarters companies—most recently 18 companies on the Fortune 500 list.  The Twin Cities area also has important components of the medical technology, insurance, agricultural, and other diverse industries. We know that very assignment is unique, and our full range of services help us find the right solution(s) for any industry.


top 100

Recognized as a Best Place to Work for the ninth consecutive year!

People

George Boyadjis, CPA, MBA Director, Corporate Services 612.373.0298
Tim Carlson Senior Advisor 612.373.0281
Steven G. Dorgan Principal 612.373.0287
Suzanne Grimm Principal 612.373.0293
Ann Hansen Senior Advisor 612.373.0294
Susan Johnson Office Manager 612.373.9187
Julianne Locke Front Desk Associate 612.373.9192
Steve Mitchell Accounting Manager 612.373.0284
Ashley Moen Advisor 612.373.9183
Jessica Mogilka Senior Advisor 612.767.1278
Nicole Nelson Advisor 612.373.0299
Jaime Reichman Accounting Associate 612.373.9185
Karen Riley Senior Advisor 612.373.0288
William Roozenboom Senior Advisor 612.373.9188
Corey Ruff Advisor 612.373.9180
Gwen Schultz Managing Principal 612.373.0292
Thomas Sexton Managing Principal 612.373.0289
Charles Simcox Corporate Services 612.373.9181
Tom Strohm Advisor 612.373.9190
Steven J. Strom Senior Advisor 612.373.0297
Littia Swift Administrative Assistant 612.373.9191
Matt Tobin Senior Advisor 612.373.9186
Mike Tobin Senior Advisor 612.373.0285
William Tobin Principal 612.373.0283
Dorinda von Tersch Advisor 612.373.9189
James Vos Principal 612.373.0290
Jeffrey Wenngatz Senior Advisor 612.373.0280

Success Stories

Client Location Sq. Footage
3M - US Portfolio St. Paul, MN  38,000,000 
Ecotech Institute Aurora, CO  25,000 
Undisclosed Fortune 150 Company St. Paul, MN  Over 1M 

Subleases & Sales

Property Available Space Rental Rate
Sublease: 3600 Northland Center
3600 American Boulevard West
Bloomington, MN 55431
1,889 SF $15.00 FSG
Sublease: Lawson Commons
380 St. Peter Street, Suite 740
Saint Paul, MN 55102
3,900 (Sublet)
Sublease: 4401 W 76th Street
4401 W 76th Street
Edina, MN 55435
Negotiable Per Year Gross
Sublease: QLogic
4601 Dean Lakes Boulevard
Shakopee, MN
98,351 SF $14.50 Gross
Sublease: Normandale Lake Office Park
8000 Norman Center Drive, 8th Floor
Bloomington, MN
4,550 $24.00 FSG
Sublease: Normandale 8200 Tower
5600 83rd Street
Bloomington, MN 55437
6,602 SF
Sale: White Bear Lake Medical/Office Building
2555 County Road E
White Bear Lake, MN 55110
7,900 SF | .74 Acres | 2 Levels $375,000
Sale: 515 Bielenberg Drive
515 Bielenberg Drive
Woodbury, MN 55125
10.48 acres Sale: $3,200,000
Lease: 50th and France Office Building
3925 West 50th Street
Edina, MN
6,178 $20.00/SF Net

Service Lines


Data Center Solutions
 

Maximum uptime is critical to your infrastructure and technology operations. Our Data Center Solutions team understands technology, finance, and real estate trends, and can address your data center real estate requirements in a strategic, consultative, and systematic way.

 
Will Roozenboom
Senior Advisor

612.373.9188



Development Management 

Development management can include securing land, developing the building program and design, obtaining the necessary public approvals, financing, and overseeing construction. Cresa helps orchestrate these processes and coordinates with the architects, city planners, engineers, surveyors, environmental consultants, geotechnical engineers, contractors, and tax consultants to bring creative real estate solutions to fruition.





 
Mike Tobin
Senior Advisor

612.373.0285



Economic Incentives

Incentives are supplemental resources that can provide your business with additional capital, enhanced financial flexibility, or reduced costs for a project. Whether you are in the midst of strategic planning, site selection, negotiations, design, or construction activities, Cresa’s experts have the knowledge and experience to find, secure, and manage incentive opportunities.



 
Mike Tobin
Senior Advisor

612.373.0285



International Services

If your business strategy is taking you to international markets, your space needs are one of the many challenges on your mind. Cresa provides fully integrated real estate services to US companies doing business in places where the language, currency, economic climate, business practices, and local regulations differ. Wherever you are in the real estate life cycle, we can guide you to align your real estate portfolio with your strategic needs.



 
Jessica Mogilka
Senior Advisor

612.767.1278



Project Management

Strategizing, planning, and managing a corporate real estate project is a complex undertaking.Whether it is a build-to suit or tenant improvement, our project management team is your assurance that the visualization, planning, design, construction, and fitting out your new space happens in a creative, timely, cost-effective way.


 
Will Roozenboom
Senior Advisor

612.373.9188



Property Tax Appeal

If the assessed value of your leased or owned real estate is too high, you may be paying too much in real estate taxes. Our property tax appeal team specializes in achieving reductions on real property taxes and providing tax savings strategies for clients with office, industrial, retail, or medical properties operating primarily in higher tax states nationwide. Whether you own or lease your real estate, they can provide you with a complimentary and risk free analysis.





 
Matt Tobin
Senior Advisor

612.373.9186



Relocation Management

Even the simplest move can disrupt business operations, strain customer relations, and challenge employee morale. From planning the transition, to selecting and coordinating vendors, to preparing your departments and internal move teams, our team is there at every step in the process to efficiently manage your move from origin to destination.



 
Nicole Nelson
Advisor

612.373.0299



Site Selection

A new location involves many variables, and it is important to study and assess how a specific geographic area may suit your business needs. Cresa’s experts will walk you through the entire planning process, from initial needs assessment through final decision, including site selection services, incentive negotiations and real estate site procurement. 



 
Tim Carlson
Senior Advisor

612.373.0281



Strategic Planning

Each real estate portfolio has its own unique set of variables, issues, challenges, and opportunities, which must be sensitive to the strategic needs and capital constraints of your business. Our strategists assess timing, impact on operations, asset performance, risks, occupancy costs and space costs to help you generate solutions that make better business sense of your real estate assets without sacrificing business effectiveness and employee satisfaction.





 
Mike Tobin
Senior Advisor

612.373.0285



Transaction Management

Our transaction specialists have disciplined processes in place to analyze your space needs, develop a strategic plan, and manage the transaction process so the outcome achieves the business goals you have defined. 



 
Tim Carlson
Senior Advisor

612.373.0281

Job Openings

 

Real Estate Transaction Advisor

Provide customer service for clients in the areas of acquisitions/dispositions, facility development, site selection, and lease management. Prefer 3-5 years commercial real estate experience including lease negotiations. If interested, send resume to sjohnson@cresa.com.

Graphic Design Associate

Be responsible for the development, implementation, and management of all aspects for Cresa marketing, public relations, and presentation materials for both clients and internal use under the direction of a senior advisor or principal. If interested, send resume to sjohnson@cresa.com.

Project Management Associate

Support project management team in a variety of areas, including project documentation, deliverables, budget tracking, and scheduling. Assist relocation coordinator and clients in relocation activities, including on-site supervision. Candidate should have at least 3 years’ experience in a related service. If interested, send resume to sjohnson@cresa.com.

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