Minnesota Real Estate Journal, May 5, 2021
Transwestern Real Estate Services has signed two new tenants to long-term leases at 10 West End, an office building located at the intersection of Highways 394 and 100 in St. Louis Park, Minnesota.
Two Harbors Investment Corp., a real estate investment trust, will move its headquarters to 34,640 square feet on the ninth floor of the property. Aerotek, a staffing and recruiting agency, will consolidate two west metro locations to 11,776 square feet on the fifth floor.
Two Harbors and Aerotek join CarVal, HDR, Blackburn and Charlie & Co. as tenants of 10 West End, an 11-story, 343,000-square-foot property developed by Ryan Companies US, Inc. and The Excelsior Group. The building features Class-A office space, high-tech conferencing spaces, dynamic bike and fitness facilities, collaborative lobby workspaces, open-air balconies on every floor, top-floor tenant sky deck free covered ramp parking and direct access to Central Park West.
Construction completed on 10 West End in January of this year, making it the first Class-A speculative office building delivered in the West submarket in more than 20 years.
New basketball facility, sports league bound for Atlantic Station space
Urbanize, May 19, 2021
An innovative new Brooklyn-based basketball league announced today it’s taking its talents to Atlanta. Planning is underway for a 103,000-square-foot facility to be built on a below-grade Atlantic Station lot for Overtime Elite (OTE), a league that aims to offer gifted young basketball players an alternative route to professional ranks. Larry Serota, Clark Dean and Clark Seydel of Transwestern led market exploration, site selection, and transaction-structuring for OTE.
Aging Critical Systems Replaced at Denver’s Granite Tower
Mile High CRE, May 19, 2021
Transwestern Real Estate Services (TRS), KBS and Haynes Mechanical Systems, Inc recently completed a highly technical project to update aging essential equipment located on the roof of Granite Tower, one of the most iconic office properties in downtown Denver. The 31-story, 593,527-square-foot Class A office property located at 1099 18th Street in Denver received new cooling systems.
Gelfund Pays $30M for Baltimore-Area Milford Station Apartments
Commercial Observer, May 19, 2021
Philadelphia-based Gelfund Real Estate Opportunities, a residential private equity fund, has acquired the 200-unit, value-add Milford Station Apartments in Pikesville, Md., for $30 million. The seller was Reisterstown, Md.-based Blue Ocean. Transwestern represented both parties in the transaction.
Population increases over the course of the next decade will put Dallas’ Central Business District back on the map as this “people explosion” forces the revitalization of Downtown Dallas, experts said while speaking at a webinar hosted by Transwestern and Downtown Dallas Inc.