MINNEAPOLIS, November 28, 2017 – In the past 16 months, nine new leases and numerous renewals totaling nearly 500,000 square feet (sf) have been signed at Normandale Lake Office Park, the largest office property in the suburban Minneapolis-St. Paul market.
The Cushman & Wakefield leasing team of Dan Gleason and Dan Nechanicky represent the building ownership of MetLife and Allstate in leasing the 1.7 million sf office park in Bloomington, just south of Interstate 494. The property welcomed three noteworthy new tenants, occupying 85,000 sf, and six other larger tenants have renewed their commitments. The leasing activity is equivalent to 30 percent of the five-building office complex.
“The tremendous activity at Normandale Lake Office Park is more proof that well-located, well-managed and amenity-rich properties in the suburbs are highly sought after by prospective tenants,” said Gleason, Cushman & Wakefield Executive Director. “In addition to its already robust amenity package, and thanks to a commitment to the property by MetLife and Allstate, Normandale now features updated common areas, a brand new fully staffed wellness center and another new fast-casual restaurant featuring pizzas, salads and sandwiches.”
Some of the recent new tenants and renewals include:
- USI Insurance Services, 45,000 sf
- Gander Outdoors, 25,000 sf
- Coca-Cola, 15,000 sf
- Willis Towers Watson, 125,000 sf. The company is planning a full renovation of its space to create a more creative, collaborative office for its employees.
- Schwan’s Company, 80,000 sf
- Emerson, 50,000 sf
- Morgan Stanley, 20,000 sf
- Merrill Lynch, 18,000 sf
- UBS, 18,000 sf
About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Our 45,000 employees in more than 70 countries help occupiers and investors optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $6 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. 2017 marks the 100-year anniversary of the Cushman & Wakefield brand. 100 years of taking our clients’ ideas and putting them into action. To learn more, visit www.cushwakecentennial.com, www.cushmanwakefield.com or follow @CushWake on Twitter.
Adam Rae Voge