Minnesota Vikings

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.

Rice Creek Commons: New Vision for Old Land

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Five years ago there was a 427 acre piece of property in Arden Hills on the news almost every night. The former ammunitions factory was the hopeful site for the Vikings new stadium. Eventually, it was decided, that the stadium would be built on the site of its existing location.

The land in Arden Hills took on a new vision in 2013. The site, formerly known as TCAAP (Twin Cities Army Ammunition Plant) was changed to Rice Creek Commons. The master plan includes commercial, residential and green space uses. The soil on site has been restored to residential grade. This land is surrounded by wetlands and a wildlife space. An additional 96 acres was purchased to create a new regional park that will have access to regional park trails as well. With 159 Acres available for commercial use including; retail, office, mixed use and flex business space, it will provide many development opportunities.  

The developers are hoping to attract a major employer, potentially from the biosciences field, to be a flagship industry for the development. This space offers a great benefit to businesses with ample housing and easy walkable commutes for employees that relocate to the area. Metro Transit is also in negotiations to extend the red line through Rice Creek Commons to make it accessible to other parts of the metro area.

Development for this project could start as early as 2017 as the roads and Rice Creek restoration is expected to be completed by late fall 2016. This is a great time to be a part of the last major development in this area. We would love to help you be a part of Rice Creek Commons.