Stella represented American Summit in the transaction. The terms were not disclosed.
The company is now projecting it will outgrow its current space by the first quarter of 2002, and last week signed a lease for the entire third floor of the building. American Summit will take possession of the additional 20,000 sf in March. The space canaccommodate about 100 more employees. The office complex is located at Interstate 394 and General Mills Boulevard.
American Summit is based is the Twin Cities and is one of the state's largest mortgage company. It also has offices in Eden Prairie, MN, and Arden Hills, MN.
United Properties is a full-service commercial real estate company with 350 employees and 23 million sf of office, industrial, retail and multifamily properties under management.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
