f o r s a l e o r l e a s e FORMER HOM FURNITURE 7600 HUDSON ROAD, WOODBURY, MN

t a b l e o f c o n t e n t s

EXECUTIVE SUMMARY...... 4

MARKET OVERVIEW ...... 8 4 e x e c u t i v e s u m m a r y

THE OFFERING

Former HOM Furniture building served as the location for HOM Furniture, one of the nation’s largest furniture retailers serving customers in the upper Midwestern states of , South Dakota, North Dakota, Iowa and Wisconsin. HOM Furniture has done especially well in the Woodbury market, but has outgrown the property, as evidenced by their move less that half a mile away into a facility twice as large.

This Woodbury location boasts some of the greatest visibility to the 3 major highway systems in Minnesota, 494, 694 and 94. This is truly a billboard location. It is also on the Radio Drive corridor in Woodbury which is home to such retailers as Target, Best Buy, Home Depot and Walmart. There can’t be enough said for this location as it is at the heart of the 3 major highways, plus a new BRT (Bus Rapid Transit) is being built adjacent to the property, bringing more pedestrians and traffic to the property. This new Gold Line and the new corresponding bridge will serve to connect all the communities from St. Paul to Woodbury. This will make it easier to get people across the highway and to the property with a stop very near the property.

Woodbury, Minnesota’s 8th largest city, is home to more than 73,000 people making this location ideal for employers to find employees, with 28.7% of all jobs in Washington County being in Woodbury, and businesses to find customers.

THE SUMMARY

PROPERTY SUMMARY 7600 Hudson Road Address Woodbury, Minnesota

Year Built 1986

Land Area Approx. 226,260 SF

Gross Leasable Area (GLA) Approx. 86,350 SF FINANCIAL OVERVIEW

Sale Price Negotiable

Lease Rate $10.00 - $12.00 PSF Net e x e c u t i v e s u m m a r y 5

7600 Hudson Road Woodbury, MN 6 e x e c u t i v e s u m m a r y e x e c u t i v e s u m m a r y 7

CORPORATE HEADQUARTERS

CORPORATE HEADQUARTERS 8 f im n a a r n k c e i t a lo va e n r a v l i y e sw i s WOODBURY

WOODBURY

Woodbury, Washington County’s largest city, is bordered by I-94, I-494, and I-694 and is located 15 minutes from Downtown St. Paul and 25 minutes from Downtown . Woodbury is a vital and vibrant city and has been one of Minnesota’s fastest growing cities over the past couple of decades. It is now the 8th largest city in Minnesota as its population has tripled over the last 30 years. The current population is 73,741 and is projected to reach 88,000 by 2040.

Woodbury is known for its strong demographic profile, both from a quality of life and education perspective, as well as being a strong business climate. Woodbury’s prime location along major freeways has given properties a renaissance of interest from developers and businesses in this thriving economy. Woodbury also represents 28.7 percent of all jobs in Washington County.

The city is recognized as a well-educated, stable, and professional community with a significant workforce in the medical and high-tech fields.

“Woodbury is one of Minnesota’s fastest growing cities with a population of 73,741 and projected to reach 84,000 by 2030”

TRANSPORTATION

Woodbury’s location at the crossroads of three major interstate highways – , , and Interstate 694 - is ideal for efficient shipping and transportation for businesses, or just getting around the Twin Cities metro area. The Woodbury area has high visibility with an average of 115,000 vehicles per day on the I-94 alone.

In addition, Woodbury is only 20 minutes away from the Minneapolis- St. Paul International Airport. 9 f im n a a r n k c e i t a lo va e n r a v l i y e sw i s WOODBURY

THRIVING ECONOMY Woodbury is a flourishing economic hub for the Twin Cities East Metro Area and Western Wisconsin due to its strong fundamentals, expanding retail sector, affluent and growing population base, and excellent highway access and visibility. Over the past five years, Woodbury experienced an 11.5% increase in the total number of jobs and the city is well-positioned for continued economic growth.

The largest employment sectors in Woodbury continue to be education and health services, and trade, transportation, and utilities. These two categories comprise 54% of jobs in the city.

Woodbury has been dubbed “Healthcare’s new favorite suburb” by the Minneapolis/St. Paul Business Journal due to the fact that in the past five years, Woodbury has added 327,000 square feet of new commercial space dedicated to healthcare, bringing TOP EMPLOYERS the total number of healthcare businesses in Woodbury to 200. These businesses provide needed services to Woodbury and the surrounding area, and bring approximately 4,680 quality jobs.

Major healthcare companies in Woodbury include TRIA Orthopedics, HealthEast, HealthPartners, Summit Orthopedics, and Allina. Woodbury is also home to a number of other major employers including 3M, Assurant, Dean Foods, EcoWater Systems, and Target.com.

Anytime Fitness relocated their corporate headquarters to Woodbury in 2016. The 80,000-square foot building is home to 250 employees.

Woodbury has a highly skilled labor force and more than half of residents over 25 hold at least a bachelor’s degree of education. 10 f im n a a r n k c e i t a lo va e n r a v l i y e sw i s WOODBURY

ECONOMIC GROWTH The city is committed to high quality development and has earned a reputation for being responsive to the needs of businesses. Woodbury had more new construction permits than any city in the Twin Cities in 2019, experiencing significant growth in both the residential and commercial sectors. More than a half million square feet of new commercial space was constructed since 2017, adding more than $56 million to the commercial tax base of the city, and bringing the total cumulative square footage of commercial space to just over 11 million square feet. Current commercial property owners continued to reinvest in Woodbury, pulling 121 permits for alterations and additions in 2019, with a cumulative permit value of $35 million. Woodbury was among the five fastest growing suburbs in 2019, with 695 new housing units being constructed.

Several Medical specialty groups have been driving development activity in the area in recent years as they seek out affluent cities with good freeway access and traffic visibility as well as strong development activity. Some of the recent projects include:

PRAIRIECARE TWIN CITIES ORTHOPEDICS MINNESOTA EYE expanded its Woodbury clinic into an is building a 50,000 SF facility and MSP COMMERCIAL additional 12,000 SF of space directly across from the Bielenberg are building a 41,000 SF medical across from the La Quinta Inn & Suites Sports Center office building in the area

2016  2017 2017 2017 SUMMIT ORTHOPEDICS UNIVERSITY OF MN HEALTH MN GASTROENTEROLOGY TRIA ORTHOPEDICS opened a 3.5 MSF clinic moved its St. Paul pediatric announced it will serve as opened its 75,000 SF within the sports center clinic to 6,000 SF in anchor tenant for a 50,000 clinic and surgery center Woodbury SF medical office building in CityPlace at CityPlace 11 f im n a a r n k c e i t a lo va e n r a v l i y e sw i s WOODBURY

RETAIL SECTOR The Woodbury regional shopping area pulls consumers from a large trade area encompassing the eastern portion of the Twin Cities and Western Wisconsin. The several major shopping centers in the city:

The 100-acre CityPlace project is a dynamic, mixed-use development project located at the former State Farm regional headquarters site. The eastern site will be dedicated to housing, which will be divided into three distinct neighborhoods. The western side includes office space; retail space will be clustered in the center of the site, and green space will be woven throughout the property. CityPlace currently contains 160,000 square feet of retail, anchored by a Whole Foods grocery store, a 116-room Marriott Residence Inn Hotel, and 100,000 square feet of medical office space. Additional current tenants include Nordstrom Rack, TRIA Orthopedics, Texas Roadhouse, Sierra Trading Post, Courtyard Marriott, and several eateries and smaller businesses. Future plans include one CITY additional hotel and include the move-in of Minnesota Gastroenterology. CityPlace attracts healthcare groups PLACE seeking retail centers due to the opportunity to be close to where consumers shop and spend leisure time. Upon final completion, CityPlace will provide 4,000 permanent jobs. One of the most successful shopping centers in the Twin Cities Metro, nearby Tamarack Village set a new standard for shopping center development. The expansive 800,000-square foot village concept shopping center features numerous national and regional retailers, a variety of unique shops and numerous restaurants. Noted for its excellence in design and aesthetics including distinctive architecture and landscaping, Tamarack Village has been awarded the Minnesota Shopping Center Association STARR award for Best Retail Center, the International Council of Shopping Centers Award for Innovative Design and Construction, and Shopping Center World’s SADI TAMARACK Award. Tamarack Village features over 30 stores including national retailers, regional favorites, and locally owned VILLAGE boutiques. The shopping center includes four anchors — Home Depot, Cub Foods, JCPenney, and Dick’s Sporting Goods. Other notable shops include Bed, Bath, & Beyond, OfficeMax, Old Navy, PetSmart, and JOANN.

Woodbury Lakes has over 55 national retailers Woodbury Village is a regional and locally-owned boutiques including Crave, shopping center with a DSW, Duluth Trading, Trader Joes and Alamo comprehensive collection of Drafthouse Cinema. There is plans for a newly retail, service, and restaurants. redesigned Main Street, which will be named The center includes Lunds & North Star Drive, improved entertainment and Byerly’s, Target, Total Wine, dining offerings, enhanced common areas, Starbucks, and dozens of WOODBURY increased lighting, lush landscaping, and other WOODBURY other retailers and dining LAKES attractive amenities. VILLAGE selections. 12 f im n a a r n k c e i t a lo va e n r a v l i y e sw i s TWIN CITIES

TWIN CITIES ECONOMY The Minneapolis/St. Paul area economy is consistently ranked one of the top performing economies in the United States and is expected to continue to out perform most U.S. markets. 13 f im n a a r n k c e i t a lo va e n r a v l i y e sw i s TWIN CITIES

“A headquarters economy”

The Greater MSP region is a hub for thriving companies. These NATION’S LEADING MEDICAL TECHNOLOGY MARKET companies attract international recognition every year for their Known as “Medical Alley,” Minnesota leads in the medical technology innovation, sustainability, ethical leadership, brand value and corporate sector, ranking #1 in medical employment, led by home-grown citizenship. The region boasts a high concentration of Fortune 500 companies such as Medtronic, 3M and St. Jude in the manufacturing public company headquarters in the U.S. with 16 firms based here. The sector. The renowned Mayo Clinic and the University of Minnesota largest private U.S. company, Cargill, is based in Minneapolis along with are among local organizations that provide world-class healthcare numerous other multi-billion-dollar private firms. services and research, while innovative healthcare companies such as UnitedHealth Group and Prime Therapeutics provide cost-effective delivery solutions.

HEADQUARTERED IN GREATER MSP FORTUNE 500 COMPANIES FORBES LARGEST PRIVATE COMPANIES

GREATER FORTUNE 500 REVENUE REVENUE COMPANY RANK COMPANY INDUSTRY EMPLOYEES MSP RANK RANKING (in billions) (billions)

1 UnitedHealth Group 7 $242.2 2 Cargill Farm Products $114.6 155,000 2 Target Corporation 37 $78.1 3 Best Buy 75 $43.6 84 M A Mortenson Construction $5.0 2,700 4 3M 103 $32.1 142 Rosen’s Diversified Food, Drink, & Tobacco $3.2 4,000 5 CHS 105 $31.9

6 U.S. Bancorp 113 $27.3 178 Anderson Construction $2.5 8,000 7 General Mills 192 $16.9 8 C.H. Robinson Worldwide 208 $15.3 206 Taylor Media $2.2 12,000 9 Ecolab 213 $14.9 216 Johnson Food, Drink, & Tobacco $2.0 3,500 10 Land O’ Lakes 232 $13.9 Bros Liquor 11 Ameriprise Financial 245 $13.1 12 Xcel Energy 276 $11.5 Minneapolis-based Cargill earned the second top spot on Forbes’ 13 Hormel Foods 337 $9.5 annual list of America’s largest private companies after leading the 14 Thrivent Financial 368 $8.6 list for most of the last decade. Forbes’ list of privately held giants 15 Polaris Industries 442 $6.9 16 Securian Financial Group 445 $6.6 14 f im n a a r n k c e i t a lo va e n r a v l i y e sw i s TWIN CITIES

The “Twin Cities” of Minneapolis and St. Paul is a growing and vibrant metropolis with a diverse economic base, skilled labor pool, and abundance of cultural and recreational opportunities that make it one of the most important commercial centers in the United States.

Twin Cities is the dominant financial, manufacturing, distribution and transportation center between Chicago and Seattle, which also makes it a singular magnet for regional talent unlike coastal metropolises in close proximities.

“No other place mixes affordability, opportunity, and wealth so well.” — The Atlantic, The Miracle of Minneapolis, 2015

A DIVERSE & RESILIENT ECONOMY LABOR FORCE MIX IS CONSISTENTLY SOLID

MINING, LOGGING, CONSTRUCTION The Twin Cities represents a broad range of industries. The GOVERNMENT employment base does not rely on any single industry, drawing MANUFACTURING OTHER SERVICES 4% (PRIVATE) 13% its strength from a remarkably diverse business base and an 10%

economy that is “knowledge based, globalized, entrepreneurial, 4% IT-driven and innovation-based,” according to Forbes. Such LEISURE & TWIN CITIES diversity enables this market to HOSPITALITY 9% EMPLOYMENT TRADE, better weather recessions and BREAKDOWN 18% TRANSPORTATION, economic downturns. UTILITIES Total Nonfarm Employment

No single industry accounts for more than 20% of the total 16% Source: MN DEED 2%

INFORMATION employment in the Twin Cities. EDUCATION & 8% HEALTH — MN DEED 2018 16% FINANCIAL ACTIVITIES

PROFESSIONAL & BUSINESS SERVICES 15 f im n a a r n k c e i t a lo va e n r a v l i y e sw i s TWIN CITIES

MARKET HIGHLIGHTS

More FORTUNE Strong work ethic Trend setting Minneapolis - St. Paul Minneapolis saw 500 companies & entrepreneurial neighborhoods making it’s the birthplace of 33.95M visitors in per capita than spirit provide a 3.0% the global map — gamechangers like 2019, adding billions any other US unemployment rate North Loop ranks as a the pacemaker and in spending into the metro region TOP 25 destination in supercomputer region’s economy — Forbes 2018 the world — minneapolis.org — Cool Streets, a Cushman & Wakefield Report

THE LAY OF THE LAND

St. Anthony NINTH FEDERAL Falls RESERVE DISTRICT

Grown from a geographically strategic location

The birthplace of Twin Cities’ economy began in the 1800’s when companies like the forerunners of Pillsbury and General Mills sprang up along the St. Anthony Falls, the only major waterfall on the and ideal for ANCHORS THE NINTH FEDERAL RESERVE water-powered mills. Minneapolis is the head of the Ninth U.S. Federal #3 Reserve District and serves as this district’s BEST STATE THE TWIN CITIES commercial center. Comprised of Minnesota, The Twin Cities is located on the Montana, North Dakota, South Dakota, western - Best States in America, U.S. News 2019 Mississippi River, encompassing 6,046 Wisconsin, and the Upper Peninsula of Michigan, square miles and includes 13 counties. this region is an important global oil/energy player. 16 f im n a a r n k c e i t a lo va e n r a v l i y e sw i s TWIN CITIES

Minneapolis’s Central Business District features world-class daytime and evening amenities including restaurants, theaters, shopping, and professional sports teams. That and its central, accessible location makes it the preferred location for corporate headquarters, financial services firms and law firms.

The CBD is home to the world’s largest Skyway System, which links most of downtown Minneapolis through a seven-mile indoor series of walkways and bridges.

Key downtown attractions include the new U.S. Bank Stadium, Target Center, Target Field, the Hennepin Avenue arts and cultural district, the vibrant restaurant scene, North Loop neighborhood and Nicollet Mall. UPCOMING MAJOR MINNEAPOLIS EVENTS

2021 2022 2023 2025 NCAA MEN’S NCAA WOMEN’S NCAA MEN’S NCAA WOMEN’S GYMNASTICS FINAL FOUR SWIMMING & DIVING ICE HOCKEY CHAMPIONSHIP CHAMPIONSHIP FROZEN FOUR 2025 PLAN: DOWNTOWN MINNEAPOLIS In 2011, the Minneapolis Downtown Council, the city’s business association for the CBD, announced its objectives for the city’s next 15 years. The plan’s initiatives stem from creating a “thriving, livable, connected, green, exciting and welcoming” Minneapolis through these action items:

• Double Minneapolis’ residential population to 70,000 and emphasize offices on the north end of Nicollet Mall

• Invest in an arts and entertainment district between Nicollet, Hennepin, and First Avenues, attracting 5 million visitors annually

• Build Gateway Park, creating a grand connection between the CBD and the Riverfront 17 f im n a a r n k c e i t a lo va e n r a v l i y e sw i s TWIN CITIES

Downtown St. Paul is a place where businesses prosper and workers and residents enjoy an unparalleled quality of life, creating a vibrancy of its own. Its urban fabric of corporate headquarters and retail, arts and entertainment, parks and history creates a unique global city on a livable scale.

The historic Capital city is building towards the future. 18,000 new jobs and nine new office buildings have been added in downtown St. Paul in the past 4 years — an investment equaling more than $650 million in construction costs alone. More than 72,000 workers are employed by nearly 1,200 companies, creating a workforce that maintains a sharp focus on current and HEALTHCARE HUB emerging business needs. The Twin Cities is known as one of the nation’s healthiest cities. The city The population of Downtown St. Paul has exploded in the last 10 years. is ranked extremely high for healthy population, doctors per capita and More than 9,800 people live in the CBD, which is a ten-year growth rate of access to high-quality hospitals. 102%! Since 2010, 2,548 apartments were constructed which is an increase of 70%.

Major attractions in Downtown St. Paul include Xcel Energy Center (home of the Minnesota Wild), Ordway Centre for Performing Arts, Science Museum of Minnesota, CHS Field (home of the St. Paul Saints) and the Minnesota Children’s Museum; and events like the St. Paul Winter Carnival, which has been a tradition in Downtown St. Paul for more than 125 years. 18 f im n a a r n k c e i t a lo va e n r a v l i y e sw i s TWIN CITIES

OUTSTANDING LIFESTYLE The region’s relatively low cost-of-living contributes to an outstanding quality of life as do numerous natural and urban amenities as well as the low crime rate, clean air and water, accessibility and access to quality health care.

EDUCATION The Greater MSP region is home to 34 colleges & universities, ranging from globally ranked major research universities, to world-class liberal MARKET OVERVIEW arts colleges, to trade & community colleges - all relied upon by some of the world’s largest companies for training a great workforce.

“Twin Cities leads the nation in both volunteerism and civic engagement – two hallmarks of thriving communities.” — Greater MSP

SPORTS Minneapolis is home to six professional sports teams.

FOOTBALL BASEBALL HOCKEY BASKETBALL WOMEN’S SOCCER BASKETBALL

Minneapolis hosted the 2018 Super Bowl and the 2018 NCAA Women’s Volleyball Championship, the NCAA 2019 Final Four, the 2019 KPMG Women’s PGA Championship, and is the new home of the PGA Tour’s 3M Open. 19 f im n a a r n k c e i t a lo va e n r a v l i y e sw i s TWIN CITIES

THE CITY OF LAKES ARTS & CULTURE The metro area boasts more than 1,600 lakes for residents to enjoy Other than New York City, the Twin Cities has more theater sailing, swimming, fishing, skiing and skating. The Twin Cities has seats per capita than any other US city. Several internationally one of the most extensive park systems in the US, comprising acclaimed museums and theaters call the area home, including the 136,000 acres. The Minneapolis Chain of Lakes Regional Park is the Guthrie Theater, the Children’s Theater, the Walker Art Center, and area’s most visited park. the Minneapolis Institute of Art.

TRANSPORTATION HUB SHOPPING SKYWAY SYSTEM Minneapolis is one of the country’s most popular shopping Minneapolis is home to the largest Skyway System in the world. destinations. Its celebrated Mall of America is the largest shopping and entertainment complex in the nation at 4.2 million SF and PUBLIC TRANSPORTATION boasts 40 million visitors and $2 billion in economic activity Two light rail lines and a Bus Rapid Transit system connect annually. downtown Minneapolis and St. Paul to the southern suburbs. A new western line is currently under construction with plans for a northern line in the works.

HIGHWAYS Three major interstate highway systems serve the Twin Cities: Interstate 94/394 (running east/west), Interstate 494/694 and (running north/south).

AIR TRAVEL The MSP International Airport offers non-stop flights to 136 domestic and 27 international markets. MSP ranks 17th in North America based on more than 38 million passengers on 400,000 flights annually.

MSP named best North American airport in its size category for the 3rd year in a row. - Airports Council International 2019 Cushman & Wakefield U.S. (Broker) has been authorized to exclusively market the Former HOM Furniture. The owner makes no representations or warranties. This is an “as is” sale.

LEASE/SALE PROCESS Following review of offers, the Landlord/Seller will negotiate with the prospective Tenant/Purchaser, which in its sole judgment, represents the best combination of price, terms and ability to perform. The Landlord/Seller reserves the right to reject any offer for any reason.

Cushman & Wakefield accepts the cooperating broker’s written registration of a specific prospect.

CONTACTS

William K. Melin Senior Director 952.465.3377 [email protected]

Cushman & Wakefield 3500 American Blvd. W., Suite 200 Minneapolis, MN 55431 www.cushmanwakefield.com