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11.12 ACRES MIXED-USE LANDWITH 58,000 SF OFFICE BUILDING
13901 FAIRVIEW DR | BURNSVILLE, MN 55337
FOR SALE
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AFFILIATED BUSINESS DISCLOSURE AND CONFIDENTIALITY AGREEMENT
CBRE, Inc. operates within a global family of companies with many subsidiaries and related entities (each an “Affiliate”) engaging in a broad range of commercial real estate businesses including, but not limited to, brokerage services, property and facilities management, valuation, investment fund management and development. At times different Affiliates, including CBRE Global Investors, Inc. or Trammell Crow Company, may have or represent clients who have competing interests in the same transaction. For example, Affiliates or their clients may have or express an interest in the property described in this Memorandum (the “Property”), and may be the successful bidder for the Property. Your receipt of this Memorandum constitutes your acknowledgment of that possibility and your agreement that neither CBRE, Inc. nor any Affiliate has an obligation to disclose to you such Affiliates’ interest or involvement in the sale or purchase of the Property. In all instances, however, CBRE, Inc. and its Affiliates will act in the best interest of their respective client(s), at arms’ length, not in concert, or in a manner detrimental to any third party. CBRE, Inc. and its Affiliates will conduct their respective businesses in a manner consistent with the law and all fiduciary duties owed to their respective client(s).
Your receipt of this Memorandum constitutes your acknowledgment that (i) it is a confidential Memorandum solely for your limited use and benefit in determining whether you desire to express further interest in the acquisition of the Property, (ii) you will hold it in the strictest confidence, (iii) you will not disclose it or its contents to any third party without the prior written authorization of the owner of the Property (“Owner”) or CBRE, Inc., and (iv) you will not use any part of this Memorandum in any manner detrimental to the Owner or CBRE, Inc.
If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return it to CBRE, Inc.
This Memorandum contains select information pertaining to the Property and the Owner, and does not purport to be all-inclusive or contain all or part of the information which prospective investors may require to evaluate a purchase of the Property. The information contained in this Memorandum has been obtained from sources believed to be reliable, but has not been verified for accuracy, completeness, or fitness for any particular purpose. All information is presented “as is” without representation or warranty of any kind. Such information includes estimates based on forward-looking assumptions relating to the general economy, market conditions, competition and other factors which are subject to uncertainty and may not represent the current or future performance of the Property. All references to acreages, square footages, and other measurements are approximations. This Memorandum describes certain documents, including leases and other materials, in summary form. These summaries may not be complete nor accurate descriptions of the full agreements referenced. Additional information and an opportunity to inspect the Property may be made available to qualified prospective purchasers. You are advised to independently verify the accuracy and completeness of all summaries and information contained herein, to consult with independent legal and financial advisors, and carefully investigate the economics of this transaction and Property’s suitability for your needs. ANY RELIANCE ON THE CONTENT OF THIS MEMORANDUM IS SOLELY AT YOUR OWN RISK.
The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or to terminate discussions at any time with or without notice to you. All offers, counteroffers, and negotiations shall be non-binding and neither CBRE, Inc. nor the Owner shall have any legal commitment or obligation except as set forth in a fully executed, definitive purchase and sale agreement delivered by the Owner.
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EXECUTIVE SUMMARY
OFFERINGCBRE is pleased to offer a unique 11.12-acre redevelopment opportunity in Burnsville, MN that is zoned Mixed Use allowing for a variety of uses including medical office, office, residential, and hotel.
LOCATIONThe property is well located in the southern Twin Cities, at the NE corner of Interstate 35E/35W and County Road 42 directly northeast of Burnsville Center. Quick access to I-35W, I-35E, and County Road 42 is available from the property via Nicollet Ave. Large employment centers in Burnsville, Savage, Lakeville, Eagan, and Bloomington are nearby as is direct freeway access to downtown Minneapolis and downtown St. Paul.
DEVELOPMENT POTENTIALThe property allows for a developer or buyer to either use or redevelop the existing 58,000 SF as part of a new development. The property allows for a phased development of multiple uses and synergy with the adjacent Ridges Hospital. With limited new development in Burnsville over the last 20 years there is demand for market rate apartments, senior housing, and hotels.
AREA AMENITIESCommercial Amenities
Endless retail and restaurant options are available near the site including Burnsville Center a 1.1 million regional shopping mall, large anchor tenants like Target, Wal-Mart, Costco, and sit down, quick serve, and fast food dining options.
Recreational Amenities
Local recreational options are endless and include golfing, snow-skiing, trails, public parks, fishing, and ball fields. The property is within 4 miles of Crystal Lake, Alimagnet Lake & Park, Keller Lake, and Lac Lavon.
The Fairview Ridges Hospital/Medical Corridor
Fairview Ridges is a 150 bed facility that offers advanced emergency, surgery, orthopedic, and children’s care. Ridges was awarded a 5 star rating in 2019 by the Centers for Medicare and Medicaid Services quality survey. The hospital also offers a Specialty Care Center providing a day surgery center, heart center, oncology, orthopedic services to name a few.
Park Nicollet has a large presence in the immediate area with an urgent care, pharmacy, and family medicine.
SCHOOL DISTRICTLocated within the Award Winning Independent School District 196, Rosemount-Apple Valley-Eagan. The school district consists of 33 schools (19 elementary, 6 middle schools, 6 high schools, and 2 schools for special needs) and is one of the top-rated school districts in the State of Minnesota.
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PROPERTY SUMMARY
FAIR
VIE
W D
RFA
IRV
IEW
DR
# PID ACRES ZONING FUTURE LAND USE
1 026401101020 4.97 MIX-Mixed Use MIX-Mixed Use
2 026401101030 6.15 MIX-Mixed Use MIX-Mixed Use
• Year built: 1975; renovated in 2004
• Total Building SF: 58,336
• Two story building • Zoned: MIX - Mixed Use
• Guided for: MIX - Mixed Use
• Close proximity to area retail and commercial venues including: Burnsville Center, Target, Home Depot, Best Buy, Costco, Walgreens, and many others
• Access to I-35E via McAndrews Rd and I-35W via County Road 42
• Rosemount-Apple Valley-Eagn ISD 196
TRAFFIC COUNTS
I-35E 58,000 VPD
County Rd 42 51,000 VPD
McAndrews Rd 19,400 VPD
Nicollet Blvd 6,500 VPD
CO
MM
UNITY DR
CO
MM
UNITY DR
E NICOLLET BLVD
E NICOLLET BLVD
NIC
OLLE
T AV
EN
ICO
LLET A
VE
PO
RTLA
ND
AV
EP
OR
TLAN
D A
VE
11 22
SITE
13901 FAIRVIEW DR | BURNSVILLE, MN 55337
WETLANDS MAP
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CURRENT FLOOR PLAN
J
I
H
K
101 109
DentalClinic Atrium
Conf. 110
Conf. 145
Conf. 146
Kitchen 148
Conf.144
142
150
149
153
152
157
158
151160
154156
159
Family Room
Mission Oupost ChildCare
SalvationArmy
EXIT
EXIT
EXIT
UPPER LEVEL
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CURRENT FLOOR PLAN
Church Offices
FConference Room 200
Open to Atrium
219
Copy Center
220
Conf.218
205
206
207
208
209
210
211
212
213 214 215 216 217
204 203 202 201
Chapel
Media Center
252
253
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255
256
257
263
264
258
262
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251
261
250
Faci
lities
242
287
241
288
286
285
284
283
280
282
270
281
271
272273
Welcome Center
Conference Room
230
G
Offices
221
LOWER LEVEL
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AREA RETAIL MAP
150TH ST W150TH ST W
SOUTHCROSS DR E
SOUTHCROSS DR E
PO
RTL
AN
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PO
RTL
AN
D A
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BU
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HAVEN DR
BU
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HAVEN DR
SITE
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AREA AMENITIES
MAJOR RETAILERS
AREA RESTAURANTS
MAJOR HOSPITALITY
9 |
BURNSVILLE OVERVIEW
TERRIFIC BURNSVILLE LOCATION
Excellent access to major roads including Interstates 35E/35W allows residents easy access to both downtown Minneapolis and downtown St. Paul, as well as the world renowned Mall of America and the Minneapolis-St. Paul International Airport (both less than ten minutes from the property). The subject property is located near County Road 42 which is a major east/west corridor stretching from Rosemount to Shakopee. There is a heavy concentration of retail from Prior Lake and Savage stretching through Burnsville to Rosemount. Stores range from big box retailers to locally owned/operating stores and boutiques.
Subject property is across I-35 from the 1.1 million square foot Burnsville Regional Shopping Center, considered the destination mall for communities south of the Minnesota River. Anchors are Macy’s, JCPenney, Dick’s Sporting Goods, and Gordmans. Other retailers include American Eagle, The Gap, Bath & Body Works, H&M, Panera, Applebee’s, Noodles & Co., Chuck E Cheese, Hollister, and many others.
Entertainment and recreation abounds close by the developable land. Buck Hill Ski area (16 ski/snowboard winter runs, artificial snow mat for summer skiing and snow boarding, and snow tubing) and Crystal Lake (289 acres with a beach and boat launch) are less than five minutes away. To the west in Shakopee is Mystic Lake Casino and Hotel (slot machines, blackjack tables, bingo), Canterbury Park (live horse racing and table games) and Val-leyfair Amusement Park.
Public transportation is minutes away at two Park and Ride locations just off I-35W in Burnsville and I-35 Lakeville. There is a MNPASS/HOV lane connecting Burnsville to downtown Minneapolis. Numerous bus routes, both local and express go to downtown Minneapolis or downtown St. Paul, and to the Blue Line light rail at the Mall of America.
NATIONALLY RECOGNIZED APPLE VALLEY SCHOOL DISTRICT
The land is located in nationally recognized Independent School District 196 (Rosemount-Apple Valley-Eagan public schools), the fourth largest district in Minnesota serving 27,000 kindergarten through grade 12 students. Apple Valley High School is a Blue Ribbon School of Excellence; a five-time Newsweek Magazine “Top 5% of all High Schools in America Award” Winner; a US News and World Report “Top High School in America Award” Win-ner; and named one of the 140 Best High Schools in the US by Redbook Magazine.
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BURNSVILLE PARKS AND TRAILS
SUBJECT SITE
The Burnsville Park System contains approximately 1,750 acres spread throughout 76 parks. Approximately 1/3 of the parkland is developed for active uses. The other 2/3 is preserved as natural areas, some accessed by trails. Some of the many amenities in the park system are:
Archery range
Athletic complexes used for tournament play for softball, baseball and soccer
Basketball courts
Boat launch
Cross-country ski trails
Disc golf course
Hockey and pleasure rinks
Mountain bike trails
Natural hiking trails
Picnic areas and shelters
Playground areas
Public beach
Recreation buildings
Skateboard and skating areas
Splash pad and water features
Tennis courts
Volleyball courts
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ZONING
MIX - MIXED USE DISTRICT
10-22C-1: PURPOSE AND INTENT:The purpose of the MIX mixed use district is to promote unique planned developments within the district where residential land uses can be combined into neighborhoods with retail, office, entertainment, and recreational facilities in close proximity to transit.
10-22C-2: PERMITTED USES:Within any MIX mixed use district, no structure or land shall be used except for one or more of the following uses:
• Antique/flea market.• Appliance store.• Art and school supply store.• Art studio.• Bakery goods sales and
baking of goods for the retail sales on premises.• Bank.• Bicycle sales and repair.• Bookstore.• Bus benches, shelters, and transit facilities.• Camera and photographic supply and processing
store.• Candy, ice cream, popcorn, nuts, frozen dessert
and soft drink shop, but not of the drive-in type.• Clothing store.• Coffeehouse, coffee shop, wine bar, tavern three
thousand (3,000) square feet or less in floor area.• Commercial zero lot line development.• Daycare nursery.• Delicatessen. • Drugstore.• Florist.• Furniture.• Gift shop.• Government buildings where the use conducted
is customarily considered to be an office use.• Grocery store, fruit or vegetable store.• Hardware store.• Health clubs.• Hobby store including handicraft classes not to
exceed ten (10) students.• Interior, decorating, and design studio.
• Jewelry sales and jewelry repair store.• Library.• Liquor store.• Locksmith.• Meat market but not including processing for a
locker.• Medical service or clinic.• Multiple-tenant retail sales and service facilities.• Music store.• Music studio.• Newsstand.• Office.• Office supply and stationery store.• Paint, wallpaper sales.• Personal services.• Photographic studio.• Pipe and tobacco shop.• Post Office.• Record shop.• Research centers.• Restaurants (freestanding).• Rugs and floor covering sales.• Schools, academies, colleges, and universities.• Shoe sales and repair.• Small appliance repair shop.• Sporting goods store.• Thrift stores having a gross floor area less than
five thousand (5,000) square feet provided all merchandise collection, transfer, processing and storage occurs within the principal building. No accessory outdoor drop off/collection area or outdoor storage is allowed on site.
SITE
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FUTURE LAND USE
SITE
MIXED USE (MIX)Lands designated for this category are typically located inside the Ring Road System (County Road 5, Nicollet Avenue, McAndrews Road, and Southcross Drive), that surrounds the Burnsville Center.
Existing areas where the MIX category is applied include Fairview Ridges Campus, Rolling Meadow Acres, Scandia Condominiums, Nicollet Ridge and areas near County Road 5 and 143rd Street such as Chancellor Manor, the Atrium and Whispering Oaks. As part of the 2040 Comprehensive Plan Update process, additional redevelopment areas were reguided to the MIX category, including a substantial portion of the Burnsville Center area (excluding the area directly abutting C.R. 42) and a number of aging retail strip centers.
The corresponding zoning districts for the MIX land use category are MIX, Mixed Use District and PUD, Planned Unit Development.
The intent of the MIX category for future sites is to continue this level of unique master planned developments where residential can be combined in neighborhoods with retail, office, entertainment and recreation facilities in close proximity to neighborhoods and transit. The City is looking for neighborhood oriented mixed use to occur as part of redevelopment of some of the aging retail strip centers. One method the City will use to promote the widest flexibility for neighborhood oriented center redevelopment is the expansion of the MIX land use category that will allow an anticipated density range of at least 15 units per acre up to a possible 30 units per acre, to utilize the land more effectively. Future mixed use will permit a mix of retail/ commercial, office, residential, and public uses. The design of these neighborhood centers should strive to incorporate objectives such as the following: increased transit opportunities; connectivity; amenities like retail and services closer to where people live adjacent to neighborhoods; higher densities to support retail/services; consideration for
live/work units; energy efficient design; components that will attract young professionals and families; green building practices; public art and gathering places; and more sustainable natural storm water management techniques. Because these are likely to be redevelopment sites, corresponding PUDs will be required for each development.
As part of the aging retail centers redevelopment analysis, two types of mixed use development were identified to create the yield plans: Business Oriented Mixed-Use and Neighborhood Oriented Mixed-Use. In general, the satellite retail centers were assumed for redevelopment as Business Oriented Mixed-Use and neighborhood retail centers were assumed for redevelopment as Neighborhood Oriented Mixed-Use. However, both types of mixed-use are permitted in the MIX land use category.
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DEMOGRAPHICS
2019 businesses 3 mile radius
2019 employees3 mile radius
2019 population 3 mile radius
77,662
2019 housing units 3 mile radius
31,877
2019 average household income
3 mile radius
$96,274
41,873 3,000
14 |
DEMOGRAPHICSDEMOGRAPHIC BRIEF
44.750955,-93.272944 1 MILE 3 MILES 5 MILES
2019 Population - Current Year Estimate 8,465 77,662 189,652
2024 Population - Five Year Projection 8,485 79,243 197,063
2010 Population - Census 8,465 74,753 177,387
2000 Population - Census 8,181 74,490 168,919
2010-2019 Annual Population Growth Rate 0.00% 0.41% 0.73%
2019-2024 Annual Population Growth Rate 0.05% 0.40% 0.77%
2019 Households - Current Year Estimate 3,500 30,541 71,808
2024 Households - Five Year Projection 3,511 31,199 74,527
2010 Households - Census 3,498 29,336 67,367
2000 Households - Census 3,375 28,373 61,567
2010-2019 Annual Household Growth Rate 0.01% 0.44% 0.69%
2019-2024 Annual Household Growth Rate 0.06% 0.43% 0.75%
2019 Average Household Size 2.36 2.53 2.63
2019 Average Household Income $89,554 $96,274 $106,565
2024 Average Household Income $103,066 $110,006 $120,841
2019 Median Household Income $63,194 $75,429 $84,254
2024 Median Household Income $71,643 $84,144 $95,453
2019 Per Capita Income $36,949 $37,968 $40,341
2024 Per Capita Income $42,574 $43,434 $45,688
22001199 HHoouussiinngg UUnniittss 33 ,, 770022 3311 ,,887777 7744 ,,226644
2019 Vacant Housing Units 202 5.5% 1,336 4.2% 2,456 3.3%
2019 Occupied Housing Units 3,500 94.5% 30,541 95.8% 71,808 96.7%
2019 Owner Occupied Housing Units 2,106 56.9% 21,088 66.2% 53,465 72.0%
2019 Renter Occupied Housing Units 1,394 37.7% 9,453 29.7% 18,343 24.7%
22001199 PPooppuullaattiioonn 2255 aanndd OOvveerr 55 ,, 880099 5544 ,,000066 113300 ,,444499
HS and Associates Degrees 3,213 55.3% 29,024 53.7% 66,662 51.1%
Bachelor's Degree or Higher 2,247 38.7% 21,695 40.2% 56,974 43.7%
2019 Businesses 582 3,000 5,552
2019 Employees 10,495 41,873 74,661
©2019 CBRE. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are forexample only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the propertyfor your needs. Source: Esri Page 1 ProjectID:490236
POPULAT ION
HOUSEHOLDS
HOUSEHOLD INCOME
HOUS ING UN ITS
EDUCAT ION
PLACE OF WORK
15 |
TWIN CITIES
3.3 MILLION RESIDENTS
WORKFORCE
GR
OW
TH
WHY TWIN CITIES
LARGEST MSA IN THE NATION
PEOPLE 25 AND OLDER WITH A BACHELOR’S DEGREE OR HIGHER
39%
EARNED A HIGH SCHOOL DEGREE93%
MOST EDUCATED AMONG THE 25 LARGEST METRO STATISTICAL AREAS
4th
#5
BEST CITIES FORRECENT COLLEGEGRADUATESSource: Nerdwallet, 2016
BEST STATE FOR LABOR FORCE PARTICIPATIONSource: US News, 2017
FORTUNE 500 COMPANIESHighest per capita in the nation
18
UNEMPLOYMENT RATEAs of June 2019
3.4%
PROJECTED POPULATION INCREASE BETWEEN 2010 & 2040
35%MSA GROWTH BETWEEN 2000 & 2010
Source: US Census Bureau
10.5%
HIGHEST MEDIAN HOUSEHOLD INCOME IN THE NATIONSource: 25 Most Popular Metros, US Census Bureau, 2016
#6
$74,700
BEST PLACES TO LIVE IN THE U.S..
Source: Niche.com, 2018
#9
BEST STATE OVERALLRanked in Healthcare, Education, Crime & Corrections, Infrastructure, Opportunity, Economy, Government
Source: US News, 2018
#21
1 MINNEAPOLIS NAMED#1 “KNOWLEDGE CENTER”
By U.S. Census Bureau due to a deep pool of highly educated workers.
TWIN CITIES MARKET
OVERVIEW
EDUCATION
16 |
BIOSCIENCEMinnesota is an innovative ecosystem and patent powerhouse for collaborators and partners in research, development and commercialization across all bioscience sectors. The world renowned Mayo Clinic and The University of Minnesota are the foundation of the state’s bioscience industry. The Mayo Clinic is developing a $6 billion Destination Medical Center in Rochester, Minnesota, where clinical and research advancements will turn into useful products and therapies. Similarly, the University of Minnesota has developed the Biomedical Discovery District, advanced facilities for basic and translational research.
Minnesota’s bioscience industry base has 48,000 jobs across six highly developed sectors.
• Medical Devices • Biomaterials/Biofuels
• Bioinformatics/Digital Health • Pharma/Biologics
• Bio-agriculture and Food • Animal Science
CORPORATE ACTIVITY 18 Fortune 500 public companies are headquartered in Minnesota. Companies like Target, Best Buy, General Mills and Ameriprise Financial are part of the diverse powerhouse of the state’s business base.
There are six Minnesota companies on the Forbes Nation’s largest Private Companies list, including the overall number one spot held by Wayzata-based Cargill. For the fourth year in a row, the Twin Cities region stayed near the top of MarketWatch’s List of Best Metro Areas for Business, based on results from a variety of sources. Fortune named three Minnesota businesses among “America’s Most Admired Companies” in 2017 with Target, 3M, and St. Jude Medical in the Top 50.
• Minnesota’s General Mills is among the World’s Most Innovative Companies (Forbes, 2017)
• Minnesota ranked #3 Top State for Business (CNBC, 2017)
• Minneapolis is the 7th Best City for Job Seekers (Nerdwallet, 2016)
• Minneapolis is 2nd Best City for Young Professionals (Smart Asset, 2017)
$510B 2016 REVENUE OF MINNESOTA’S 18 FORTUNE 500 COMPANIES
The Twin Cities is home to 19 Fortune 500 companies, the state capitol, a
major university, and five major sports franchises - the only metro area in
the nation with that distinction.
* US Patent and Trademark Office (US PTO)
#4
Number of bioscience patents from 2011 to 2015*
Number of medical device patents per capita in nation*
(2015)
1
Bioscience related patents per capita in nation* (2015)
2
17 |
MINNESOTA STATE FAIR
The Minnesota State Fair was named the Best State Fair in the United States in 2018 by Insider. It’s the largest State Fair in the United States by average daily attendance. (2M annually)
MOST BIKEABLE U.S. CITY IN 2018
Source: Redfin
AMERICA’S COOLEST DRINKING CITY
(MINNEAPOLIS/ST. PAUL)
Source: National Geographic 2018
#2 QUALITY OF LIFE (MINNESOTA)
Source: US News, 2018
#7BEST CITIES FOR MILLENNIALS IN AMERICA
(MINNEAPOLIS)
Source: Niche, 2018
CITY PARKS
Minneapolis and St. Paul rank #1 and #2 respectively for Best City Parks out of 100 ranked.Source: ParkScore, 2018
26 MILES Of Mississippi riverfront, most of any city on the river.
Source: Nerdwallet
MALL OF AMERICA
Since opening its doors in 1992, the Mall of America (MOA) has become one of the top tourist destinations in the country. Boasting over 520 stores, the MOA attracts 40 million visitors annually and employs 11,000 employees year round.
CREATIVE ARTSMinneapolis/Saint Paul is a progressive destination with a dynamic vibe and a whirlwind of creative energy. Public art, a lively music and arts scene, and stunning architecture are some of the reasons that Minneapolis has been named by MSN Travel as one of the 15 Coolest North American Cities—where to go for an urban getaway.
With 440+ live theaters, Minneapolis ranks as the fifth-most “creatively vital” city in the country.
MUSEUMSThe Twin Cities boasts five major art museums including the newly-remodeled Walker Art Center and the giant Minneapolis Institute of the Arts. In addition, the metro area has seven history museums and the Science Museum of Minnesota.
1
The Twin Cities area’s nationally renowned system of regional parks contributes significantly to the high quality of life. The regional parks system includes 49 regional parks and park reserves, 29 trails and six special recreation areas.
NATION’S BEST PARK SYSTEMSource: The Trust for Public Land’s 2018 ParkScore Index
THE ARTS
ON AMERICA’S 50 “FITTEST CITIES”(MINNEAPOLIS)#2Source: American College of Sports Medicine and the Anthem Foundation (2018)
PARKS & REC
18 |
ALLIANZ FIELDSet to open early 2019, Allianz Field will be home to the Minnesota United FC (MLS). The 19,400 seat stadium sits on 35 acres in St. Paul’s Midway neighborhood surrounded by 2.6 acres of green space.
XCEL ENERGY CENTER HOME TO MINNESOTA WILD HOCKEYThe one-of-a-kind, multi-purpose facility is home to more than 150 sporting and entertainment events and approximately 1.7 million visitors each year. Xcel Energy Center encompasses 650,000 square feet with four separate concourses and four seating levels plus a press level.
TRIA RINKSt. Paul CBD is the new home to the Minnesota Wild (NHL) practice facility. The Tria Rink — is used for Wild practices and for public ice time — takes up about 40,000 square feet on the roof of the five-story building.
TARGET FIELDThe new home for the Minnesota Twins (MLB)opened in 2010. This 39,504-seat open-air ballpark in downtown Minneapolis includes a Minnesota Baseball Hall of Fame and Museum, a retail store, a baseball-themed sports bar and restaurant, an interactive area for kids and additional venues for group ticket buyers.
US BANK STADIUMThe Minnesota Vikings (NFL) unveiled a new $1.1 billion state of the art stadium in August 2016 in downtown Minneapolis.
TARGET CENTERLocated in the heart of downtown Minneapolis’ vibrant sports and entertainment district, Target Center is proud home to the NBA’s Minnesota Timberwolves, three-time WNBA world champion, Minnesota Lynx. Over 1 million guests visit the arena every year - making Target Center one of the top arenas in the world.
PRO SPORTS
19 |
2018 FORBES LARGEST PRIVATE COMPANIES
RANK COMPANYNATIONAL LOCATION
REVENUE (BILLION)
EMPLOYEES
1 Cargill Wayzata 114.7 155,000
106 M.A. Mortenson Minneapolis 4.00 2,700
144 Rosen’s Diversified Fairmont 3.10 4,000
145 Schwan Food Marshall 3.10 12,000
171 Andersen Bayport 2.60 12,000
212 Taylor Corporation Mankato 2.20 12,000
Source: Forbes, 2018
TOP 6 JOB-GAIN METROS*
MSA ANNUAL GAIN
New York, NY 170,000
Dallas, TX 115,000
Los Angeles, CA 103,000
Atlanta, GA 94,000
Miami, FL 81,000
Minneapolis, MN 64,000
Source: U.S. Bureau of Labor Statistics, CBRE Research, Q3 2017. Data not seasonally adjusted.
EMPLOYEES IN EACH INDUSTRY
Minnesota
Professional and Business Services/Financial Activities/Information
Leisure and Hospitality Employees
Education and Health
Trade, Transportation,and Utilities
15.9%
10.2%19.0%
18.0%
18.5%Government/Other Services
Manufacturing/Mining/Construction
18.4%
18 FORTUNE 500 COMPANIES HEADQUARTERED IN MINNESOTA IN 2018
RANK COMPANY LOCATION
5 United Health Group Minnetonka
39 Target Minneapolis
72 Best Buy Richfield
96 CHS Inver Grove Heights
97 3M Saint Paul
122 U.S. Bancorp Minneapolis
180 Supervalu Eden Prairie
182 General Mills Minneapolis
193 Land O’ Lakes Arden Hills
215 Ecolab Saint Paul
216 C.H. Robinson Eden Prairie
252 Ameriprise Financial Minneapolis
266 Xcel Energy Minneapolis
323 Hormel Foods Austin
343 Thrivent Financial Minneapolis
382 Mosaic Plymouth
490 St. Jude Medical St. Paul
496 Patterson Cos. Inc. St. Paul
CONTACT ME
BRIAN PANKRATZFirst Vice President+1 952 924 4665brian [email protected]
© 2019 CBRE, Inc . All r ights reserved. This information has been obtained from sources believed rel iable , but has not been verif ied for accuracy or completeness . You should conduct a careful , independent investigation of the property and verify al l information . Any rel iance on this information is solely at your own risk . CBRE and the CBRE logo are service marks of CBRE, Inc . All other marks displayed on this document are the property of their respective owners , and the use of such logos does not imply any af f i l iation with or endorsement of CBRE. Photos herein are the property of their respective owners . Use of these images without the express written consent of the owner is prohibited.