MINNESOTA & WISCONSIN MCKNIGHT FOUNDATION SIGNS 50,000 SF OFFICE LEASE IN MINNEAPOLIS and the Restore-Rebuild-Reimagine Fund. Southside is still seeking nancial support from federal, state and local governments for the project. The project team includes 4RM+ULA as architect of record, Perkins&Will as clinic architect, Zuri3 Construction as construction manager and Classic Lake Consulting as Southside’s representative. Construction is estimated to begin in mid-2024 and be completed by mid-2025. suburb of Plymouth for an undisclosed price. The property at 13305 12th Ave. North includes 2,500 square feet of warehouse space. Nick Leviton and Laura Moore of Colliers represented the seller, a local partnership. Jason Sell of Cushman & Wake eld represented the undisclosed buyer. The property was occupied until the onset of the COVID-19 pandemic. 114,221-square-foot shopping center is 93 percent leased to tenants such as Burlington, Boot Barn and Party City. Rick Drogosz, Emily Gadomski and Dan Rosenfeld of Mid-America represented the seller, CRG Investments. Brookwood Capital Advisors was the buyer. MINNEAPOLIS — The McKnight Foundation has signed a new 20-year of ce lease at 921 Washington Ave. South in Minneapolis. The tenant will occupy the entire 50,000-square-foot property. Mike Salmen, Eric Rapp and Reed Christianson of Transwestern Real Estate Services represented ownership, STF Holdings LLC. The McKnight Foundation’s current of ce totals 38,577 square feet at 710 S. Second St. The new lease commences in February 2025. The building will undergo signi cant renovations to modernize the space and meet the climate and energy goals of the foundation. Updates will include a state-of-the-art HVAC system that will reduce onsite energy use while offsetting demand on the electrical grid, as well as electric vehicle car charging stations. Julie Kimble of KimbleCo represented the tenant in the lease negotiations. MARCUS & MILLICHAP BROKERS $7.5 MILLION SALE OF MULTIFAMILY PROPERTY STORAGEMART BUYS TWO SELF-STORAGE FACILITIES WHOLE FOODS MARKET OPENS IN MADISON RYAN COS. TO CONSTRUCT 30,000 SF CLINIC FOR SOUTHSIDE COMMUNITY HEALTH SERVICES INVER GROVE HEIGHTS, MINN. — Marcus & Millichap has brokered the $7.5 million sale of The Commons, a four-building multifamily property in Inver Grove Heights, a southern suburb of St. Paul. Located at 8213 College Trail and constructed in 1987, the community features 60 units. Abe Roberts and Michael Jacobs of Marcus & Millichap represented the undisclosed buyer and seller. The property has undergone renovations for new countertops, appliances and cabinetry. CRYSTAL AND NORTH SAINT PAUL, MINN. — StorageMart has acquired two self-storage facilities in Crystal and North Saint Paul for an undisclosed price. Both properties will undergo comprehensive updates to align with StorageMart’s standards. Together, the facilities offer 1,564 units and 159,282 square feet of rentable climate-controlled space. Unit sizes range from ve-by-ve units to 15-by-40 units. MADISON, WIS. — Whole Foods Market has opened a 50,000-square-foot store in Madison. The new store at 4710 Madison Yards Way replaces an existing Whole Foods Market at 3313 University Ave. that had served the community since 1996. The new store anchors the 21-acre Madison Yards mixed-use development, which features retail, restaurant and entertainment space. DOLLAR TREE SIGNS 10,500 SF RETAIL LEASE MID-AMERICA ARRANGES SALE OF 114,221 SF SHOPPING CENTER APPLETON, WIS. — Real Estate Corp. has sale of Westhill Plaza for an undisclosed MINNEAPOLIS — Ryan Cos. US Inc. will construct a 30,000-square-foot clinic for Southside Community Health Services in Minneapolis. The healthcare provider signed a ground lease with Ryan, which owns the land at 1010 E. Lake St. Named One Southside, the clinic will enable Southside to consolidate all of its services under one roof. The facility will include a diagnostic laboratory, mammography suite and administrative of ces. Southside is currently operating between two buildings located one mile apart. Southside has received grants totaling $7.8 million from Delta Dental of Minnesota Foundation, Health Resources and Services Administration, K.A.H.R Foundation, Mackenzie Scott’s Yield Giving fund, Mainstreet Revitalization, Mississippi Watershed Management Organization BRINKMANN CONSTRUCTORS COMPLETES TWO SPEC INDUSTRIAL BUILDINGS TOTALING 1.2 MSF Mid-America arranged the in Appleton price. The WAUWATOSA, WIS. — Dollar Tree has signed a 10,500-square-foot retail lease at 12120 W. Burleigh St. in the Milwaukee suburb of Wauwatosa. Emily Smits and Mike Fitzgerald of Mid-America Real Estate represented the landlord, an entity doing business as CPG Wauwatosa LLC. KENOSHA, WIS. — Brinkmann Constructors has completed two speculative industrial buildings totaling 1.2 million square feet at Flint 94 Commerce Center, a 128-acre industrial park in Kenosha. Flint Development is the developer. One of the buildings totals 735,000 square feet, while the other spans 510,000 square feet. Both facilities feature a shipping of ce build-out and amenities such as ample heavy trailer parking, ESFR sprinklers and LED lighting. COLLIERS ARRANGES SALE OF 31,780 SF OFFICE BUILDING PLYMOUTH, MINN. — Colliers has arranged the sale of a 31,780-square-foot of ce building in the Minneapolis The McKnight Foundation will occupy the entire building at 921 Washington Ave. South in Minneapolis after the property undergoes renovations. nmrkzimmer.com www.REBusinessOnline.com Heartland Real Estate Business • January 2024 • 9
Heartland Real Estate Business January 2024: 9
