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-acreparcel 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 has over $4 million a year in net operating income from the property.

Property type:

Office

Total space:

241,201 sq. ft.

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:

Developer
Property manager

In partnership with:

City of Bloomington,
MN TIAA-CREF

Awards & recognition:

NAIOP Award of Excellence, 2001