Leasing activity brings Bloomington office complex to 87 percent

MINNEAPOLIS (May 24, 2010) – United Properties announces that it has signed a lease with Avtex at Northland Center, formerly Northland Executive Office Center, in Bloomington, Minn. The technology company Avtex will move into its 15,000-sq.-ft. space in fall 2010 from its current location at SouthTech Plaza in Bloomington. With the new lease and other lease extensions, the latest transaction adds a new tenant to the United Properties-owned 465,000-sq.-ft. office complex and brings the occupancy to 87 percent.

Other recent leasing activity for Northland Center includes: current tenant Forward Hindsight extending its lease and expanding into 2,500 sq. ft.; and current tenant Inetium extending its lease for its 16,300-sq.-ft. space.

The NorthMarq Brokerage team of Bill Rothstein and Dan Wicker represented United Properties in the transactions.

A 465,000-square-foot office complex built in phases in 1981 and 1983, Northland Center was renamed as part of the significant interior renovations and exterior improvements in 2010. Northland Center recently was awarded the U.S. Green Building Council LEED Silver Level certification for Existing Buildings: Operations & Maintenance.

Media Contacts
Martha Nevanen
Vice President, Marketing Communications

Jessie Folkens
Sr. Communications Consultant

About United Properties

United Properties has been creating deep roots in the commercial real estate industry for more than 100 years. The company imagines new possibilities in real estate to help enrich communities and create lasting legacies. United Properties provides market expertise for ground-up development, redevelopment and acquisitions of value-add and stable investments. The company invests in and develops office, industrial, retail, mixed-use and senior housing properties. United Properties is owned by the Pohlad Companies and is headquartered in Minneapolis, with offices in Denver and Austin, Texas.



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