Colliers Turley Martin Tucker, 2008-11-21
by Jennifer Umberger
Minneapolis, Minnesota
MINNEAPOLIS—(November 21, 2008)—The Minneapolis/St. Paul office of Colliers Turley Martin Tucker (Colliers), a world-wide leader of commercial real estate services, today announced that David Stokes, SIOR, Jennifer Pelant, and Mark Reiling, CRE, SIOR have sold 6.6 acres of land in Shoreview in the midst of the challenging economic conditions.
The land parcel, located at the southeast quadrant of Lexington Avenue and I-694 just north of the Super Target shopping center, was purchased by City & County Credit Union for $2.5 million. The land site was part of an estate, and boasts a solid traffic count of more than 97,000 vehicles per day.
“This was one of the last remaining pieces of developable land in an established area of the 694 corridor,” said Pelant, and associate in Colliers’ retail sales and leasing division. “It garnered a significant amount of interest and resulted in five solid offers.”
About Colliers Turley Martin Tucker
Colliers Turley Martin Tucker recently completed the consolidation of its ownership structure with Cassidy & Pinkard Colliers, Colliers Pinkard, and Colliers ABR, forming a holding company that is one of the nation’s largest commercial real estate service firms. The consolidated entity operates in all 50 states, completes more than $13 billion in worldwide transactions annually, and manages more than $30 billion in real estate. The holding company’s portfolio totals 300 million square feet under property management, 210 million square feet of space for lease, and $5 billion in capital markets transactions annually. The Corporate Solutions division sustains more than 20,000 locations for Fortune 1,000 companies and delivers a new location “Every 80 Minutes.” Colliers is the top-ranked real estate firm on the Global Outsourcing 100 companies list, IAOP Top 100. For more information about Colliers International, a worldwide affiliation of independently owned and operated companies, visit www.colliers.com.
Contact Information
Jennifer Umberger, PCM
jumberger@ctmt.com
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