MSCA December Monthly
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2005 Corporate Sponsors Adolfson & Peterson Construction The Avalon Group Barna, Guzy & Steffen, Ltd. Bremer Bank, N.A. news Brookfield Properties (US) LLC The Business Journal Volume 19, Number 12 December 2005 CB Richard Ellis CSM Corporation Cambridge Commercial Realty Colliers Turley Martin Tucker Feature The Collyard Group L.L.C. Airport Update on MSP: 30,000 sf for Commercial Partners Title, LLC Cuningham Group Architecture, P.A. New Restaurants and New Retailers! Dalbec Roofing Exeter Realty Company by Albi Albinson, Architectural Alliance Faegre & Benson LLP he Minneapolis St. Paul International be far from a shopping opportunity in any area Fantastic Sams Airport is constructing new retail and of the airport. General Growth Properties, Inc. Trestaurant offerings. The award-winning Gray Plant Mooty The variety of concepts continues to astound. Northstar Crossing retail area in the Main Great Clips, Inc. The old days of popcorn and hot dogs are Terminal is refreshing and expanding its food H.J. Development, Inc. (thankfully) a distant memory. The food and and beverage, news and specialty retail Heitman Financial Services LLC beverage options have expanded to include options. In addition, the Concourses are adding J.E. Dunn – North Central burritos, fish tacos, Italian delicacies, all more retail choices as well, so visitors won’t J.L. Sullivan Construction, Inc. Jones Lang LaSalle Airport Update on MSP on page 2 KKE Architects, Inc. Kraus-Anderson Companies LandAmerica Commercial Services Landform Snapshot Larkin Hoffman Daly & Lindgren Ltd. Minneapolis City Center LaSalle Bank N.A. M & I Bank Location: Downtown Minneapolis, Central Madison Marquette Business District, 40 South 7th Street, located Messerli & Kramer, P.A. in between Hennepin Avenue and Nicollet Mall Midwest Maintenance & Mechanical, Inc. Month/Year Opened: August 1983 NorthMarq Capital, Inc. Northtown Mall/ Glimcher Properties Owner: Brookfield Properties Oppidan, Inc. Managing Agent: Brookfield Properties Opus Northwest LLC Park Midwest Commercial Real Estate Center Manager: Paster Enterprises, LLC Ted Zwieg, Director of Operations RLK-Kuusisto Ltd. Jan Murphy, Assistant Property Manager Anchor Tenants: 33 South Sixth Street Office RSM McGladrey, Inc. Leasing Agent: Jones Lang LaSalle, Tower, Marriott City Center Hotel RSP Architects Mike LeSuik, (312) 228-2964 Reliance Development Company, LLP Internal Contact, Liz Picking, Brookfield Market Area Served: Downtown Minneapolis Robert Muir Company Director of Retail Leasing, (612) 372-1539 Ryan Companies US, Inc. Additional Facts/Narrative: SUPERVALU INC. Architect: Naiztat & Ham, New York, NY Brookfield Properties recently completed a $15 Target Corporation RSP Architects, Minneapolis, MN million renovation at Minneapolis City Center. Retail space was reduced to meet the TCF National Bank Minnesota Construction Contractor: Kraus-Anderson Towle Financial Services increasing demand of office space. The Food U.S. Bank GLA: 1.452 million sf Court was replaced by fast-fresh food concepts on the skyway level and retail has been re- United Properties Current Occupancy: Office space is fully merchandised from traditional shopping to Venture Mortgage Corporation leased, currently leasing retail and restaurant goods and services that meet the needs of Weis Builders, Inc. space on street and skyway levels Wells Fargo Bank, N.A. downtown’s 185,000 workers, 30,000 + Welsh Companies, LLC Number of Stores: 14 growing residential market and 3.6 million Westwood Professional Services, Inc. annual visitors. AIRPORT UPDATE continued for food, lodging, entertainment, merchandise and transportation, supporting 87,161 direct, indirect and induced jobs in kinds of ice cream, Asian, Northwoods- the region. Talk about economic impact! inspired cuisine, gourmet sandwiches and BBQ. Even the basic hamburger will have The companies operating the majority of a location where the meat is custom these various enterprises consist of ground and formed in the restaurant. Minnesota Retail Partners (a partnership The merchandise choices are all over the between HMS Host and CBR), Creative globe, literally and figuratively. Practically Host Services and Delaware North. They anything you might find at the mall can be have provided an incredible array of new found in the MSP airport shopping and exciting stores in which to shop, eat experience. Need a dress shirt and tie to and drink while visiting the airport. Be replace the one you just spilled your latte forewarned - you might want to get to the all over? Check. Need a last minute gift for airport early to check out all the new your mother who collects souvenir snow stores. Bring that shopping list and enjoy domes? Check. Need a children’s book for your time before your flight. Have a safe Junior? Check. Cosmetics, lipstick, and happy Holiday Season! fragrances? Check, check, check. Need another roll-on bag to put all this stuff in? http://www.mspairport.com/msp/ Check. Need an elegant cashmere/ shops/default.aspx pashima? Check. Need to eat only organic http://www.mspairport.com/msp/ foods? Check! One restaurant is even 100% organic and all restaurants and eateries are required to offer healthy selection on at Retail Report Presenters least 15% of their menu assortments. The times they are a-changing!! Some of the more interesting new venues located on Concourses A, B, C and D Let’s take a quick stroll through the new include Skol Café and Bar; Itasca Grill; retail venues. This won’t be an exhaustive Authors/Red Balloon childrens bookstore; survey of everything new, but will attempt DQ Grill and Chill (their first airport to hit the highlights, just in time for your location); Northern Lights Bar and Grill; upcoming holiday travel plans. Fasten your a Subway and two Quiznos. seat belt; it will be a whirlwind ride. From left to right French Meadow Bakery (100% organic A significant number of new stores are selections) is found on Concourse F, as Eric Bjelland - United Properties located in the Main Terminal portion of the is Kipling (luggage from Down Under) Bob Pounds - Welsh Companies, LLC Northstar Crossing retail area, which you and Lake Line Pub. Out on Concourse Linda Zelm – Griffin Companies enter as you check-in through the security G you’ll find Austin Blues BBQ; Jay Scott – Solomon Real Estate Group areas of the Airport. As you head through Tequileria (Mexican); Subway and Zyng John Tramm – Griffin Companies the Main Terminal on your way to your Noodlery (Asian.) Jerry Ciardelli – Erdahl Arial Photos gate, you will discover an expanded shopping mall from last year. You’ll find a In the main food court in the Main beautiful rotunda overhead and some of the Terminal new options include Stage Deli 2006 Event Schedule newest slate of retail shops. You’ll also of New York (monster hot pastrami Our monthly program meeting date is discover a new In-Motion DVD movie sandwiches); Ben & Jerry’s; 360 Degree the first Wednesday of every month. rental; an expanded Minnesota! store; a Burrito (jumbo wraps); Famous Famiglia All meetings will be held at 8:00 a.m. Radio Road (women’s clothing) and Fly (everything authentically Italian); Charlie’s (registration at 7:30 a.m.) at the Babies store (children’s clothing); a Travel Philly Grill (the famous Philly Sheraton Bloomington Hotel unless Beauty (a full-service cosmetics, skin care Cheesesteak); and Wok & Roll (quick otherwise noted or publicized before and fragrance store featuring Clinique, serve Chinese food), along with some of the program. Program topics and Aramis and Estee Lauder products); an the tried and true stalwarts such as Burger location are subject to change. Everything ASAP (health and beauty aids); King and Chili’s. G2G (Gadgets to Go, just like it sounds); Wednesday, January 4 – Here are just a few eye-opening statistics and a Mall of America and Sports Development regarding the economic impact of the Minnesota store. The new concepts soon- Wednesday, February 1 – airport in the local economy. The airport to-be-appearing at this juncture include a Geographic Focus Harley Davidson store, NASCAR serves more than 38 million passengers every year. It welcomed more than 6.5 Wednesday, March 1 – (branded merchandise), Tumi (luggage), Industry Trends Naturally Cashmere, Ike’s restaurant million visitors traveling through MSP last …yep, the same Ike’s as downtown!… year. These visitors spent nearly $3.7 Thursday, April 6 – and a Rock Bottom Brewery. billion in the Twin Cities visitor industry Legislative/Business Day at the Capitol msca news 2005 2 www.msca-online.com MemberPaul W. Anderson Profile Primary Career Focus: Hobbies: Golf, boating, following professional Commercial Real Estate and college sports Law, with emphasis on Job history: 3 years in-house with a locally retail development, based, national real estate company; 17 ? years financing and leasing with Messerli & Kramer, P.A. 2005 LEADERSHIP Company: Messerli & OFFICERS Very first job: Delivering the Minneapolis Star Kramer, P.A. President starting at age 10 Paul Sevenich, CCIM, Kraus-Anderson Co. Title: Vice Dream Job: Growing up, I wanted to be a 1st Vice President President/Chair of Real Estate Department Sara Stafford, LandAmerica Commercial Services professional golfer 2nd Vice President Hometown: Hector, Minnesota and we now Secret Talent: Wedding singer Jay Scott, Solomon Real Estate Group reside in Burnsville. Treasurer Favorite food: Steak Ken Vinje, SCSM, Kraus-Anderson Co. Education: Gustavus Adolphus College, St. Secretary Peter, Minnesota, B.A.; William