Blue Cross and Blue Shield of MN Leases Retail Space in Duluth, MN

The MSP Advisory Services Team represented Blue Cross and Blue Shield of Minnesota in their site selection for a third retail store in Duluth.

The team of executive director Paul Donovan, senior associate Jeremy Striffler and senior director Tom Martin helped Blue Cross evaluate and identify a location at the new Maurices headquarters building in downtown Duluth. Blue Cross will be located in a nearly 5,000-square-foot space on the western side of the building, at the corner of Superior Street and Fifth Avenue West and is scheduled to open this summer. Duluth will be the third Blue Cross retail center in the state and the first location outside the Twin Cities metro area. Blue Cross currently operates retail centers in Edina and Roseville, Minnesota.

The new Maurices headquarters is on track to open on April 25, 2016, providing a new home to its 450 corporate office employees located in Duluth. Blue Cross joins Minnesota Power Employees Credit Union (MPECU), which was recently announced as a tenant in the headquarters building.

“Blue Cross is a great fit for our new headquarters, given our overall commitment to employee and community wellness,” said George Goldfarb, Maurices President & CEO. “Blue Cross will be offering new opportunities to learn more about health coverage while providing a community gathering space to discuss health and wellness topics.”

Cushman & Wakefield provides support for the 1,133,000 sq. ft. of Blue Cross real estate in the Twin Cities, including project management, lease administration, transaction management and facilities management. The two companies have partnered for more than 10 years.

Sebesta Extends Lease in Austin, TX

Represented Sebesta, Inc., a Minnesota corporation, in a lease extension of 2,813 SF of office space on the 4th Floor at Southpark One, 1701 Directors Boulevard, Austin, Texas.  Frost Bank was the Landlord.

A full-service engineering and design services provider, Sebesta promotes collaborative and sustainable facility solutions that ensure occupant comfort, improve efficiency, reduce operational costs, and optimize facility budgets. Through their expertise in all facets of building engineering, architecture and construction, they create brilliant facility solutions for all types of clients.

CAR2GO Leases Warehouse Space

Represented car2go N.A. LLC in the leasing of 4,786 SF of warehouse space at 817 Vandalia Street, St. Paul, MN. The Family Fulford Partnership L.P. was the landlord.

car2go was founded in 2008 in the German city of Ulm. Today, car2go is alive and well in 29 European and North American cities with over 1,000,000 members enjoying unlimited mobility. car2go is an environmentally friendly company with a fleet of easy-to-access, fun-to-drive, low-emission smart-for-twos distributed all over the city. The cars are so convenient and using them is so simple that many have discovered they can skip the hassle and expense of car ownership altogether and enjoy living in a great city with one less worry.

EDF Renewable Energy Leases Space at Riverplace

The MSP Advisory Services Team represented EDF Renewable Development, Inc., in a 5-year lease renewal of 11,315 square feet at East Bridge Office Building at Riverplace, 10 Second Street N.E., Minneapolis, MN. Office Realty Corp. was the landlord.

EDF Renewable Energy’s strength is grounded in the company’s extensive experience and competencies gained over more than 25 years across a spectrum of services required for the development and long-term operation of a successful wind and solar project. These key competencies include: Project Development, Operations and Maintenance, and Asset Management. From site selection and project development, to long-term operations and maintenance, they ensure each project performs at the highest level possible.

Blue Cross and Blue Shield Opens Second Retail Store

The MSP Advisory Services Team represented Blue Cross and Blue Shield of Minnesota in their site selection for a second retail store in Roseville.

The team of executive director Paul Donovan, associate Jeremy Striffler and senior director Tom Martin helped Blue Cross evaluate and identify a new location at the Crossroads of Roseville Mall, located just north of Rosedale Center on County Road B2. The new store will open later this year.

Tom Martin said that Blue Cross liked the location because of its proximity to Rosedale and its access to Interstate 35W and Highway 36. “Demographically, Roseville fits the profile of a dense regional retail area and allows for strong traffic counts, visibility and easy access from many parts of the Twin Cities,” Tom explained.

The team represented the client in everything from evaluating Roseville against other markets to negotiating the new lease. Cushman & Wakefield’s GIS department also assisted in giving the client demographic details for the area.

Both current and prospective Blue Cross clients can use the retail stores for support, service and education about individual plans and Medicare coverage. Blue Cross opened a similar store in Edina last year, another CWN project.

A grand opening is planned for later this year, in time for 2016 open enrollment.

Cushman & Wakefield provides support for the 1,133,000 sq. ft. of Blue Cross real estate in the Twin Cities, including project management, lease administration, transaction management and facilities management. The two companies have partnered for more than 10 years.

Long Term Care Group Leases Space in Pennsylvania

The MSP Advisory Services Team represented Long Term Care Group in the lease of 5,216 square feet at 1210 Northbrook Drive, Trevose, Pennsylvania. Northbrook TC Equities LLC was the landlord.

Long Term Care Group is a leading provider of business process outsourcing for the insurance industry. The nation’s largest insurers rely on Long Term Care Group’s unparalleled expertise to help manage their complex long term care portfolios and maximize their financial performance. They provide advanced risk management insight built upon their unique and proprietary long term care underwriting and claims databases. They also offer a full spectrum of support services ranging from application processing and underwriting to care management and in-home assessments. Long Term Care Group is headquartered in Eden Prairie, Minnesota.

SmartBase Solutions Takes Space in Internet Exchange Building

The MSP Advisory Services Team represented SmartBase Solutions in the lease of 6,139 square feet at the Internet Exchange Building, 411 Washington Avenue North, Minneapolis. S&S Development Corporation was the landlord. Since 2005, SmartBase Solutions has empowered leading edge companies and organizations to crush their marketing goals. With everything from flexible, customized tools and support to secure data hosting capabilities.

Kris Lynch, President & CEO of SmartBase Solutions, reached out to the Advisory Services Group about their facility needs due to the recent growth of their company. They needed to double the size of their office to accommodate the number of new employees. Further, they wanted to relocate to the North Loop neighborhood of Minneapolis so that they could better retain and attract employees. After successfully signing their new lease, she said, “Cushman & Wakefield worked hard for us and I really appreciate it.”