The Excelsior Group and Ryan Companies Tap Transwestern to Lease New I-394 Development

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MINNEAPOLIS, Feb. 28, 2017 (GLOBE NEWSWIRE) — Transwestern today announces it has been retained by The Excelsior Group and Ryan Companies US Inc. to provide leasing services for 10 West End, a proposed 315,280-square-foot office building. The 11-story building will be 4 miles west of downtown Minneapolis in the highly coveted Interstate 394 submarket. Transwestern Vice President Erin Wendorf, Managing Principal Mike Salmen and Principal Mike Honsa will provide leasing services.

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/ba279088-43a6-4b22-bf7b-f1a09898c6c5

”We look forward to partnering with Transwestern to attract companies that are seeking the most inspiring, efficient, and cost-effective environment for their employees,” said Tom Tracy, senior vice president at The Excelsior Group. “10 West End will be unique in the marketplace because it offers suburban convenience along with all of the benefits of an urban neighborhood.”

10 West End will be the first Class A office building to be constructed in over 17 years on the I-394 corridor.  The West End neighborhood features numerous restaurants, upscale shopping, entertainment venues and newly developed hotels and apartments. The property, at I-394 and Highway 100, is designed for today’s workforce with walkable amenities, abundant outdoor spaces, proximity to downtown, strong parking ratios, modern efficiencies and on-site amenities.  

“We could not be more excited to work with The Excelsior Group and Ryan Companies to bring this project to life,” said Wendorf. “Our innovative leasing strategies have seen tremendous success both in downtown and suburban Minneapolis. Our team has developed a strategy that will capitalize on market fundamentals to achieve this asset’s incredible potential.”

ABOUT THE EXCELSIOR GROUP

The Excelsior Group (TEG) is a full-service Minneapolis real estate firm offering boutique-level services in the fields of management, real estate investments and advisory services, homebuilder lending, and development.

Established in 2005, and owned today by Kim Culp, Chris Culp and Ted Glasrud, TEG has experience owning and managing many types of real estate, including multifamily, industrial, office, retail, hospitality, and land. Current management contracts include more than 2,000,000 SF of commercial real estate, 2,200 apartment units, 2,200 acres of raw land, and 400 single-family home lots. Further, TEG manages an affiliated family of investment funds – Opportunity Partners Funds I, II, III, IV, and V. In addition, the principals of TEG have developed in excess of 850,000 SF of office, industrial, retail, multifamily, and residential real estate properties.

TEG strives to build a collaborative team of real estate professionals, and an environment where we all work together for the benefit of our clients’. A sound process, broad network, operational expertise, and market knowledge combine to take our client’s assets to the highest level – ever upward.

ABOUT RYAN COMPANIES

Founded in 1938, Ryan Companies offers comprehensive commercial real estate services as a national developer, architect, builder, capital investment consultant, and real estate manager.  Ryan’s market depth includes retail, industrial, healthcare, and senior living, with development and corporate build-to-suit work spanning office, mixed-use, hospitality, multifamily housing and mission critical facilities. With a focus on bringing lasting value to its customers and the communities in which it works, Ryan has nearly 1300 employees in 13 offices and has completed projects in 40 states. For more information, visit ryancompanies.com.

ABOUT TRANSWESTERN

Transwestern is a privately held real estate firm of collaborative entrepreneurs who deliver a higher level of personalized service – the Transwestern Experience. Specializing in Agency Leasing, Management, Tenant Advisory, Capital Markets, Research and Sustainability services, our fully integrated global enterprise adds value for investors, owners and occupiers of all commercial property types. We leverage market insights and operational expertise from members of the Transwestern family of companies specializing in development, real estate investment management and research. Based in Houston, Transwestern has 34 U.S. offices and assists clients through more than 180 offices in 37 countries as part of a strategic alliance with BNP Paribas Real Estate. Experience Extraordinary at transwestern.com and @Transwestern.

Media Contact:Amy Wheaton612.359.1666amy.wheaton@transwestern.comtwmediarelations@transwestern.com

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