Albertville land opportunity near proposed Mall of Entertainment

IAG is helping a client to sell 1.65 acres of commercial land in Albertville, MN near the Albertville Outlet Mall. If the Mall of Entertainment http://moemn.com/ goes forward, the land prices in this area could realize an increase. This property is situated on a corner lot where patrons of the newly proposed Mall of Entertainment would turn to get to the main entrance. The area is underserved by restaurants, medical, daycare and office space.  If you are interested in placing a use in this area, call the team at IAG. If you are in the market for a high traffic corner lot near retail shopping please contact Jeff LaFavre, 651.868.7429, jlafavre@iagcommercial.com or Brian Beeman, 320.333.8782, bbeeman@iagcommercial.com For additional information please follow the link:  http://www.loopnet.com/for-sale/land/?sk=ba6a79ca471efee1b2a975e4e41bc467&bb=2mrq7itq-K6otwuZ

Greater MSP Transit Facts

Recently we attended a session on the Greater MSP transit system.  We found the session to be informative and helpful.  Here are some quick facts about the Greater MSP transit system.  They serve as reminders that our investment in transit, as taxpayers, is helping people gain access to jobs and education.

The Metropolitan Council that regulates bus and light rail transit for the area, recorded over 100 million trips last year.  One bus is the equivalent of 40 cars.  One 3-car LRT train is the equivalent of 600 cars.  At rush hour, buses will transport the equivalent of 1.5 lanes of traffic.  80% of riders are going to work or school and 40% of downtown St. Paul and Minneapolis workers use transit.

As a commercial real estate advisory firm that completes many tenant and buyer representation assignments, we like the access to jobs provided to employees of all wage rates.  We feel this need for public transportation will continue to be important as labor becomes more scarce and the cost to own a vehicle continues to soar.

 

GET TO KNOW OUR TEAM: Jeff LaFavre

We at IAG Commercial Real Estate are a team. We work closely together and support one another in order to provide a comprehensive solution for our clients. We thought you might to know our team a little better.  After all, we are not JUST about work!

 

Jeff is a former D1 middle distance runner, which has helped him go the extra mile for our clients. As he describes himself to his children, “I was a poor middle distance DI runner!” These days Jeff enjoys a round of golf with clients, made better with a frozen Snickers around hole #12. He also enjoys being a sports spectator of many sports but especially the Vikings and the MN Gophers basketball team.  Jeff enjoys gaining new clients and tackling complex real estate challenges. He enjoys new relationships and helping people excel in their careers. He especially enjoys  commercial real estate because it involves creatively solving tangible problems for clients.  Throughout the majority of Jeff’s 28 year career, his focus has been working with end-users typically based  in the Midwest.  He has worked  on every continent for these clients to help them find 500-1,000,000 sq. ft. of space. This includes industrial, office, land and some retail space, for our medical and financial related customers. 

On behalf of his clients, he has closed several hundred transactions through the years. For Jeff, the best part is the feeling you receive when a client says “thank you, I could not have solved it without your help!"   He enjoys the feeling of sincerely helping our clients do something that would have been difficult for them to achieve on their own.

Besides sports, he enjoys spending time with his wonderful family, serving on professional association and non-profit  and community boards and being involved with his local church.  He and his wife, Maxine, have two children. Their favorite vacation spot is Hawaii, but they enjoy traveling the world. (Jeff does anyway.  For Max, a beach and sunshine is all she needs!)  Jeff’s vises are ice cubes and graham crackers and if he could be a super hero he would be Flash Gordon. As a former runner he wishes he could move that fast!

Favorite Commercial Real Estate Success Story:

There are many that I have enjoyed along the way.  One of my favorites is representing Ecolab in purchasing the former, approximately 500,000 sq. ft. Cray Research H.Q. in Eagan, MN and then representing Travelers, a number of years later, in selling their 485,000 sq. ft. high-rise St. Paul office building to Ecolab for a new H.Q..  It was a small world kind of thing, separated by at least eleven years.

What Does an Amazon HQ2 Mean to MSP?

We have all heard the numbers, $5 billion dollars, and 50,000 new jobs. It has enticed 238 cities and regions around North America to put together proposals luring the economic giant. Greater MSP has a lot going for them in the selection process. They are worthy cities for development, innovation, and industry. The transportation system is great, constantly improving and could meet the demands the Amazon HQ2 would bring. They are also home to 17 Fortune 500 companies in diverse industries. 

Proposed locations include Minneapolis both in Downtown and the Northloop, the former Ford plant site in St. Paul and an undisclosed location in Maple Grove. All of these places provide Outstanding opportunities for Amazon. The Twin Cities rank high in national reviews of best places to live. The cost of living to average salary makes the area very affordable. The Twin Cities also has great schools. Our lowest performing schools are doing better than many acceptable schools nationwide. 

Combined with our quality educational system, we enjoy a top ranked “quality of life” measured through a number of criteria. Our parks and trails provide  easy access to outdoor enjoyment. Minneapolis is consistently ranked the most “bike friendly” city in the country and St. Paul is following closely behind. Mass transit is becoming a new-found strength for the area and current approved plans will only make it better in the years to come.  

The Minnesota’s economy was built on people who value education and the outdoors. This has not changed over the years and  Minnesotan’s still value these strengths. This focus will continue to provide a strong workforce that is well-educated with a passion for the environment. This could be an attractive opportunity for Minnesota. We believe  it is an even better opportunity for Amazon.

 

Operation Christmas Warehouse: Do you have a space to house Christmas Cheer?

Operation Christmas Warehouse:  Do you have a space to house Christmas Cheer?

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.)

Update: Executives Night Out

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.

Our Summer at IAG Part IV

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.

Growing a Business

Growing a Business

Jeff shares a little of our history and how we work tirelessly to help our clients grow their business.