The long anticipated 610 connection was completed last fall. It connects Interstate 94 to Interstate 35W via Hwy 610/10. This connector provides greater access and convenience across the north metro. It has resulted in a great opportunity for commercial real estate development. At almost every exit there are new commercial developments. Many warehouses, charter schools, shopping developments, distribution centers, and Target North Campus have been built along this Highway. There is still a lot of undeveloped land available along 610 in both Maple Grove and Brooklyn Park. It may even be part of the site that Maple Grove submitted for Amazon’s second corporate headquarters. With access points at HWY 252, HWY 169, HWY 10, and I-94 it is a great place for greater access to the region. It will also be connected at West Broadway and 610 to downtown with the Blue Line extension.
Making Christmas Merry from Warehouse Space to supporting those who distribute Christmas Cheer. (Author's brother handing out shoeboxes at their kids club in Mexico City.)
An already congested segment of 35W between 43rd Street and Downtown is undergoing some major improvements and reconstruction. The project is expected to take four years with improvements on 35W from 494 to downtown expected to cost $239 million. The first major change took place last week with the Franklin Avenue bridge detour. However the long term business and public transportation impacts on South Minneapolis, particularly Lake Street will be great. The new entrance and exit ramps on Lake Street will provide much needed freeway access to revitalize business in that area. There are also some major infrastructure improvements planned with 4 bridges being repaired, 11 bridges being replaced, and the entire stretch being re-paved. We look forward to seeing how this can improve the lives of business owners, residents and commuters.
Jeff took advantage of the great fall weather by camping this weekend. No, not in the Boundary Waters, but in Downtown Minneapolis. Over $100,000 was raised for YouthLink to provide support services for homeless and at risk youth. Thank you to those of you who helped sponsor this great camp out.
There are three more clients whose deals we would like to celebrate before summer slips away into sweatshirt weather and school buses.
Plus Center is dedicated to helping children with motor disabilities realize their unique and amazing potential. We renewed and expanded Plus Center by 2,331 square feet. We are thrilled to help them increase their capacity to help children and young adults.
We were able to renew a lease for Xantel. Xantel, Inc. offers enterprise resource planning system for Fortune 500 companies, small companies, start-ups, and large and mid-sized companies.
We were all able to renew a lease for Avada Hearing Care Center. Avada Audiology & Hearing Care equips every hearing aid instrument specialist with the best hearing aids and latest digital hearing aid technology.
We are proud of our clients and all they do to impact the community. We are happy to help them do what they do best, by doing what we do best.
Jeff shares a little of our history and how we work tirelessly to help our clients grow their business.
Youthlink has been a partner of IAGs for several years. Working to help homeless and at-risk youth is a passion for our company. We have added another layer to our partnership with Youthlink this summer. David Buckman has been hired by Youthlink to provide construction project management of the remodel and expansion on their Minneapolis location. We are excited to help our friends and partners reach their commercial real estate goals.
We would like to celebrate two more deals on behalf of our clients: Burr Oak Group and Any Lab Test Now.
We just finished representing the Burr Oak Group for 2,100 sq. ft. on a new long-term office lease at Broadway Ridge in Minneapolis.
Brian Beeman represented Any Lab Test Now on a lease renewal in Plymouth.
Remember IAG Commercial would love to partner with you on your next commercial real estate transaction