MN Office Space Lease Opportunities

 

Office Space for Sale, Savage Business Lofts (8694) Savage-1 Click here to launch slide show of available office lease spaces by CERRON

 

 

MN Office Space Lease Opportunities Available Now

MN Office Space Lease Opportunities are now available throughout the south metro region of Minnesota. As the new year begins, this may be the ideal time to find your next office space! The team at CERRON Commercial Properties has been hard at work with office owners to bring new availabilities to the commercial real estate (CRE) market. We currently have the following new listings located throughout the south metro area of MN:

Apple Valley

  • 5920 148th Street West (Professional Office Suite)
  • 5885 149th Street West (Multiple single office space options available)

Burnsville

  • 11990 Portland Avenue (Single Main Level Suite in Office Condo)
  • 3000 County Road 42W (Professional Office Bank Building)

Eagan

  • 3340 Sherman Court, Suite #100 (Professional Building – Easy freeway access)

Lakeville

  • 16372 Kenrick Avenue, Suite #100 (Medical Office)
  • 21017 Heron Way, Suite 103 (Office Warehouse w-dock)
  • 18466 Kenyon Avenue (Professional Lower Level Office Suite – w-walkout)
  • 17645 Juniper Path, Suites 135 & 145 (Lower Level Office w-interior office)
  • 7303 161st Street (Professional Office Bank Building – Main Floor Suite)

Prior Lake

  • 16154 Main Avenue (Mixed Use building – Professional Class A Finished Offices – (2) suites available)

Savage

These examples are a mixture of office, office/retail, office/warehouse, and medical office spaces. If there is a specific MN office space lease opportunity you are in search of, please contact our team to set up a search for you. We are your south metro experts and are ready to help you identify the ideal location for your business.

Small Business Workshop: South Metro, MN

CERRON is offering a Small Business Workshop in the South Metro area of Minnesota – Sign Up Now!

Small Business Workshop offered by CERRON - Bruce RydeenSmall Business Workshop is being offered by CERRON, in an effort with the Elko New Market Chamber of Commerce, as part of their “Small Business Workshop Series”. The Lakeville Community Ed catalog is out and online registration is now available for this, and many other classes in the series.

This particular small business class being offered by CERRON is to focus on commercial real estate, with the class title appropriately named, “Commercial Real Estate Solutions for Small Businesses” (CRE) and will be held for one night only, on Thursday, October 16, 6:30-8 p.m. The class is to cover the following topics:

  • Types of commercial real estate
  • The dynamics of users versus investors
  • How to define your needs and the best timing for securing a space
  • Advantages of leasing versus buying
  • How to evaluate if building is a suitable option
  • Particulars of leasing:
    • Types of leases/pricing
    • Terms & Conditions
    • Forms & Agreements
  • Particulars of purchasing:
    • Process
    • Offers/Pricing
    • Due Diligence
    • Closing
    • Forms & Agreements

The Elko New Market Chamber of Commerce has created a dedicated page on the Chamber’s website for the series of small business classes being offered with additional information on the Elko New Market Chamber’s Facebook page as well.

You may also print a flyer by clicking on this attachment: Small Business Series – South Metro MN- Flyer – 2014

There are limited spaces, so please plan to sign up early.

For more details on this small business class offering, please contact our office at 952-469-9444, or by sending us a quick note:

General Contractor Industrial Buildings are Booming – New Update!

General Contractor Industrial Buildings / Projects are on the Rise

general contractor industrial buildings update by APPRO DevelopmentGeneral contractor industrial buildings are increasing at a significant rate, according to APPRO Development, Inc., a Lakeville, MN general contractor and design-build construction firm.

Per Katie Clark Sieben, MN DEED Commissioner, in a recent article in the Minneapolis StarTribune, “Shovels are turning for Twin Cities Industrial Projects,” “We are seeing hundreds of business expansions happening in the metro and in the greater Minnesota.” Ms. Sieben attended five in one week alone, and recently attended the Menasha Expansion project by APPRO.

The team at APPRO Development has broken ground on multiple industrial expansion and addition projects throughout Minnesota in past year, further attesting to the growth that has been measured and reported by NAIOP, the Commercial Real Estate Development Association, stating, “Nationally, the commercial real estate market grew at the strongest pace in the past year since the economic recovery began in 2011…and the overall outlook for the industry through 2015 is expected to grow between 8 and 15 percent.”

You may review current progress on general contractor industrial buildings by APPRO’s team by clicking on any of the following links:

Our team is available at 952.469.2171, or by completing the following form, if you should have any questions for us:

Construction Lending – Good News!

Construction Lending is Booming and that is Good News for us all!

construction lending is booming - go to APPRODEVELOPMENT.com to build your building today“Construction Lending Booming Again” was an article recently published on GlobeStreet.com by Jennifer LeClaire.

In this article, Greg Winchester explains more on just what is driving this trend…

“Gauging by Trimont Real Estate’s pipeline, the return is real. Trimont is reporting a 12.9% increase over the past 18 months. The company says these numbers reflect an hike in construction activity nationwide,” according to Greg Winchester.

The team at APPRO Development has seen a definite increase in building projects this year with many utilizing financing options that were not available in the past.

According to multiple sources, including the Trimont loan administration monitor, McGraw Hill Construction data, and the Fed’s Beige book, among others, all indicate the same thing – there is an uptick in construction lending and that is good for us all!

You may read the full article here: Construction Lending Booming Again.

 

Need to discuss options for financing your next construction project?

Our team of experts is here to help guide you through the process. We have worked with a variety of lenders over the years, forging strong relationships and would be happy to recommend a reputable lender for your next construction project. Feel free to call us at 952-469-2171.
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ICSC Hosts Four Members of Congress at RECon

ICSC Hosts Four Members of Congress at RECon – to Learn More about the Retail Real Estate Industry

ICSC – (International Council of Shopping Centers) mission is “to advance the shopping center industry and to promote its role in the commercial distribution of consumer goods and services.” ICSCLogo_Member_1

ICSC’s annual RECon event in Las Vegas, welcomed four members of Congress, who attended to learn more about the retail real estate industry and share their insight on the tax reform debate currently underway on Capitol Hill. House Majority Leader Eric Cantor (R-VA), Congressmen Richard Neal (D-MA), Jim Renacci (R-OH) and Steve Womack (R-AR) each took a tour of the show floor and met with ICSC members to hear about issues impacting their businesses. All were impressed with the size of the show and level of business activity taking place.

On May 18, Reps. Neal, Renacci and Womack participated in a panel discussion on tax reform. They explained that while ideas are still being discussed within each party, now is a critical time for ICSC members to talk to members of Congress about provisions that are central to the retail real estate industry, such as capital gains treatment, the ability to deduct the interest on commercial debt or the like-kind exchange rules. During the Q&A session, ICSC members expressed their concern about having a repeat of the 1986 Tax Reform Act that devastated the retail real estate industry. The congressmen encouraged ICSC members to meet with both their legislators and staff to share examples of how different components of the tax code are used in actual projects and how the elimination of certain incentives would have impacted those projects. Such efforts will make those tax provisions more tangible to legislative offices.

Roz Peterson is a retail real estate professional who is an active member of the International Council of Shopping Centers (ICSC), and a licensed commercial real estate sales person with CERRON Commercial Properties. Roz has been in the commercial real estate business since 1990 and worked as an agent since 2006. She specializes in the south metro Twin Cities market across all product types, conducting Landlord Representation, Tenant Representation, Sales, Lease and Broker Price Opinions. Roz is a member of MSCA, ICSC, CCIM Minnesota-Dakotas Chapter, MNCAR, MNAR, NAR, Apple Valley, Burnsville, Dakota County Regional and Lakeville Area Chambers of Commerce, and is a CCIM (Certified Commercial Investment Member).

To contact Roz, please complete the following information

Commercial Real Estate Activity: South Metro, MN

Commercial Real Estate Activity: South Metro, Minnesota – CERRON Commercial Properties

 

commercial real estate activity by CERRON Commercial PropertiesCERRON Commercial Properties summarizes commercial real estate activity in the south metro area. The team at CERRON has been very busy lately with commercial lease and sale activity. Here are just a few of the properties we have recently helped property owners to lease or sell (click on any address or phase to link to more information on that particular property):

  • Industrial Building at 8860-70 Wentworth Avenue, Bloomington with outdoor storage and on rail – CONTRACT PENDING
  • Industrial Building in Farmington located at 22098 Canton Court with outdoor storage – CONTRACT PENDING
  • Clean Industrial Manufacturing Building located at 21860 Hamburg Avenue, Lakeville – on rail with silos, skylights & much more – LEASED
  • Office Warehouse space located at 5708 Upper 147th is FULLY LEASED
  • New Construction Office Warehouse Spaces located at the Apple Valley Business Campus – Phase I and IIFULLY LEASED
  • New Construction Office Warehouse Spaces located at the Apple Valley Business Campus – Phase III Partially LEASED

We have many new listings coming on to the market each week as well. These can be found on the main page of our website, or by clicking HERE.

 

HAVE A PROPERTY TO SELL OR LEASE?

Are you a property owner and need to lease or sell your property? Contact our expert team, by filling out the form below. Our team will assist you with ALL the necessary steps to get you the results listed above.

Roz Peterson has earned the CCIM Designation

CERRON Commercial Properties is pleased to announce, Roz Peterson has earned the CCIM Designation!

Roz Peterson - CCIM DesignationThe following press release has been issued by CCIM regarding an exciting announcement about Roz Peterson…

Minneapolis, MN, (4/30/14) — Cerron Commercial Properties agent, Roz Peterson, has earned the designation of Certified Commercial Investment Member (CCIM). A CCIM is a recognized expert in the commercial and investment real estate industry. The CCIM lapel pin is earned after successfully completing a designation process that ensures CCIMs are proficient not only in theory, but also in practice. This elite corps of CCIMs includes brokers, leasing professionals, investment counselors, asset managers, appraisers, corporate real estate executives, property managers, developers, institutional investors, commercial lenders, attorneys, bankers, and other allied professionals.

CCIM LogoComprised of four, one week, in depth courses, the CCIM training requires further submission of an extensive portfolio which demonstrates the CCIM candidate has not only taken the courses but actually implemented the training via closed deals. The capstone is a grueling 6 hour exam only offered twice per year during the CCIM national business meetings.

The entire team at APPRO and CERRON is thrilled for Roz and congratulate her on this accomplishment!

To contact Roz for assistance with a commercial property solution, please contact our office at 952-469-9444.

Apple Valley Business Campus – Phase III Progress!

Apple Valley Business Campus – Phase III progress

Progress is being made on the office warehouse development & construction of the Apple Valley Business Campus – Phase III with this commercial construction project in the heart of located at 6275 147th Street West, Apple Valley, MN.

Just take a look at these pictures…

Apple Valley Business Campus - Phase II - Marketed by CERRON Moving dirt on the site.

Phase III includes eight (8) new construction office warehouse bays – each approximately 5,000 SF. The newest phase about to start (Phase IV) will include six (6) bays up to 16,000SF each.

Concrete footings being poured at the new construction site - photos by CERRON Commercial Properties Concrete footings being poured.

Concrete tip up panels installed at new office warehouse site in Apple Valley - photos by CERRON Commercial Properties Concrete panels being installed.

For more detatils on this project, which is now leasing (as is Phase IV – September, 2014 completion date), please click on our Listing Page HERE, or feel free to contact Bruce Rydeen in our office at 952-469-9444 for more specific details on this project!

 

Real Estate Options for Entrepreneurs: South Metro, MN

CERRON Discusses Real Estate Options for Entrepreneurs with Jessie Mommsen, Owner of Threads and Inks

Real estate options for entrepreneurs was a recent discussion point which came up during a conversation with local entrepreneur, client, and vendor, Jessie Mommsen, owner of Threads and Inks, located in Lakeville, MN. We followed up with Mommsen to find out how business is going since the move into their new building.

Here are a few excerpts from our discussion…

 

Q. Can you tell our readers a little about what prompted you to contact CERRON Commercial Properties?

A. We were (and continue to be) in a growth phase, and purchasing real estate [verses leasing] made sense as a financial component of our overall business plan at the time. We also only had 600 SF of retail space at the time and were in a location that didn’t allow us the type of exposure we needed to reach our target audience.

Q. Why did you choose to work with Bruce Rydeen?

A. This was actually the second time we worked with Bruce. The first time, he helped us to lease office/warehouse space in the Hebert Buildings in the Airlake Industrial Park in Lakeville. At that time, as I started my business, Bruce, and the building owner, Mark Hebert, respected me as a young business owner (I was 23 when I first started out), and that meant a lot to me. When we were ready to move our business, I chose to contact Bruce because of that previous experience; he is a trusted resource. When working with him to purchase our current building, Bruce was considerate of our budget, our timing, and our overall needs.

Q. How has your new space benefited your business?

A. As they say when considering real estate, “location, location, location!” Our new location attracts many more visitors than our previous location. We tripled our retail showroom space, so we are able to show off a lot more of our available products. Our new building has so much natural sunlight, it not only makes it happy in our space, but it allows our clients to see our products under optimal lighting conditions in an upscale environment as compared to our previous location which lent to more of an industrial focus.

Q. What would you tell other entrepreneurs when considering their real estate options?

A. Don’t be afraid to get creative when you consider a new space. Paint and carpet can be changed. Sometimes, walls can be moved. Landscaping can be updated. We had an electrician add power to our building to accommodate our machinery. Also, be sure to complete your homework [or due diligence] when buying a building. Whether we had our own experts, or needed some recommendations, Bruce helped us to navigate the process from showing to purchase agreement to inspections to title work to closing. For young entrepreneurs, don’t think that you are too young to own a building – you need to do what is right for you and your business, and I also recommend that you work with a broker you trust and who will listen to your needs.

 

About Threads & Inks: Threads and Inks specializes in custom-decorated clothing. Services include embroidery, printed apparel, letter jackets and patches, and more for students, schools, teams, businesses, organizations and individuals.

Location: 20137 Icenic Trail, Lakeville, MN 55044 (This is the north-west corner of Dodd Blvd and Hwy 50, just north of Kwik Trip and McDonalds.)

Building: 5,716 SF on three levels with production and retail on the main level, office on the upper level and additional storage and specialty retail on the lower level

Website: Threads&Inks

Store Hours: Monday – Friday, 9:00 a.m. to 5:00 p.m.

Threads and Inks Quote: “We have worked with the team at CERRON both times we needed a new space. Bruce took the time to listen to our space & budget requirements and helped to identify the ideal property. He helped us navigate the process and made sure we had everything we needed to get the deal done, and now…we LOVE our new location!” Jessie Mommsen, Owner of Threads & Inks, Lakeville, MN

Our entire team appreciates the opportunity to work with each of our clients and we love to hear how the space is working out for them. If you have a space APPRO and/or CERRON has helped you with, please let us know how it is working for you. If you haven’t worked with us, but would like to learn more about how to start, please feel free to email us or call our office. Our knowledgeable & friendly team is available to answer any question(s) you may have (big or small).

 

 

Apple Valley Business Campus Phase III Now Leasing!

Apple Valley Business Campus has Broken Ground and Phase III is Now Leasing!

Apple Valley Business Campus SignWith Phase I & II of the Apple Valley Business Campus fully leased, Phase III is now in full swing in the Dakota County community of Apple Valley, Minnesota.

Phase III of the Apple Valley Business Campus consists of eight (8) suites, each up to 5,280 SF office warehouse suites. This is an ideal location, just blocks from major retail and restaurants off of CR-42, near Galaxie Avenue, in the heart of Apple Valley, MN.

The site is zoned I-2 (General Industrial) and is ideal for a variety of uses including: Instructional Athletic, Manufacturing, Distribution, or Show Room, as an example of just a few potential uses.

Read more about this commercial construction project for Apple Valley’s popular office/warehouse spaces in recent news articles:

APPRO & CERRON Blogs

Minneapolis Star & Tribune

You may also learn more about the leasing information on this property at the following LINK or by contacting our team.