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Kraus-Anderson, Elion project adds Welsh/Colliers to market retail portion of Woodbury redevelopment

Kraus-Anderson (KA) and Elion Partners, a Florida-based national real estate investment firm, today announced that Welsh/Colliers has been selected to market the retail portion of the 100-acre corporate campus at Interstate 94 and Radio Drive  in Woodbury, Minn.  Seasoned veterans Chris Simmons and Tom Palmquist will be the lead brokers for Welsh/Colliers.

KA and Elion are collaborating on the redevelopment of the high-profile property, which will be transformed into a 700,000-square-foot commercial development with shops, restaurants and additional office space as well as plans for a hotel, bank, two medical office buildings and a day care.  The property includes 300,000 square feet of new construction plus an existing 400,000-square-foot office building.

“Adding Welsh/Colliers is a big step for the project,” said Matt Alexander, Kraus-Anderson’s director of real estate development.  “We are very fortunate to bring on Chris Simmons and Tom Palmquist, two of the region’s most experienced and highly regarded retail leasing brokers who also have national resources at their disposal.”

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Both Simmons and Palmquist are senior vice presidents at Welsh/Colliers, a Minnesota commercial real estate firm that specializes in the marketing of retail, industrial and offices space.

“This redevelopment is the most noteworthy commercial opportunity underway in the east metro, adding a significant number of jobs as well as offering an amenity-rich environment for businesses in one of the top retail trade areas in the Twin Cities,” said Simmons. “Woodbury has consistently shown good retail activity and low vacancy, even through the recent recession.  We’re excited to be marketing this opportunity for Elion Partners and Kraus Anderson in an area with such high residential growth, incomes, and the retail pull of the entire east metro and western Wisconsin.”

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KA and Elion expect the new development to be consistent with urban sites that will make the existing 400,000-square-foot office building an attractive home for large office tenants.  Site work on the multi-phased project is expected to begin in the summer of 2014.

About Welsh and Colliers International | Minneapolis-St. Paul

Welsh is a full-service Twin Cities commercial real estate company with more than 300 professionals whose expertise extends into every aspect of commercial real estate including brokerage, corporate solutions, real estate management, facility management, construction, architecture, development and financing.  Welsh partners with Colliers International for their brokerage and real estate management services. Visit www.welshco.com or www.colliers.com/msp.

About Elion Partners

Elion Partners (www.ElionPartners.com) is a Florida-based national real estate investment firm with past experience in the Twin Cities market of successfully acquiring and developing quality properties

in strategic locations.  Elion and its principals manage full-cycle investments across a variety of asset types, including industrial, office, retail, multifamily and land.

About Kraus-Anderson

Kraus-Anderson has transformed the American landscape for more than a century.  Established in 1897, Kraus-Anderson provides strategic services including commercial real estate development and management, construction, equipment financing and risk management to clients nationwide.  Kraus-Anderson (www.krausanderson.com) is an Affirmative Action, Equal Employment Opportunity Employer. 

 


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