Activity brings Bloomington office complex to nearly 90 percent occupied
MINNEAPOLIS (Aug. 26, 2013) – With new tenant Meadowbrook Insurance Group’s new 5+ year lease at the 3600 Building of Northland Center, activity in the last 30 days at the United Properties’ owned office complex has brought occupancy to nearly 90 percent.
Specializing in risk management, the insurance company will move into its 6,200 sq. ft., sixth floor space in November 2013 from the Wells Fargo Plaza in Bloomington. Meadowbrook Insurance Group was represented by Rob Pipkin of Mohr Partners with RJM Construction carrying out the interior renovations.
Other recent leasing activity for Northland Center includes: current tenant Attorney Allison Johnson renewing its lease three+ years in the 3500 Building on the 6th floor; and current tenant Emergent Financial Group extending its lease and expanding into an additional 4,900 sq. ft. The company, which provides investment banking services for early stage growth companies in healthcare, has been a tenant since 2009. RJM Construction is currently building out Emergent’s new space in the 3600 Building.
The Cushman & Wakefield/NorthMarq Brokerage team of Bill Rothstein and Dan Wicker represented United Properties in the transactions.
A 465,000-sq.-ft. office complex built in phases in 1981 and 1983, Northland Center made significant interior renovations and exterior improvements in 2010. The complex is U.S. Green Building Council LEED Silver Level certified for Existing Buildings: Operations & Maintenance.
About United Properties
United Properties, based in Minneapolis, Minn., specializes in commercial real estate development and investment. Since 1975, United Properties has provided development services for the retail, residential, office, medical and industrial sectors. In addition to a large presence in the Minneapolis-St. Paul market, United Properties’ Colorado division develops retail, office and industrial buildings. Formed in 1916, the United Properties investments group acquires, manages, finances and disposes of the company’s real estate investments, which includes nearly 60 office, medical, industrial and retail assets in Minnesota, Wisconsin and Colorado. For more information, visit www.uproperties.com.