8000 Tower – Normandale Lake Office Park
Converting a client’s land into a lucrative asset.
Financial services company TIAA-CREF owned a vacant 4.1-acre parcel of land adjacent to an existing 3-building office park. Wary of investing further into a speculative development, the company turned to United Properties for help. By leveraging its expertise and leasing relationships, United Properties was able to pre-lease by encouraging tenants from neighboring buildings to expand in the new tower. TIAA-CREF now enjoys over $4 million a year in net operating income from the property.
Features & amenities:
Multi-tenant conference rooms
Exterior, lakeside balconies
Skyway to adjacent buildings
Voice, data and wi-fi in lobby
Marble reflecting pool with 2-story waterfall
United Properties role:
City of Bloomington
Awards & recognition:
NAIOP Award of Excellence, 2001