Meet Our Experts

A proven leader in Colliers International’s Brokerage Services Division, Bill Ritter is a 32-year veteran of the company, and his list of long-term clients speaks volumes. Bill represents clients in the leasing and sale of industrial and office properties and land. He has directed transactions on behalf of thousands of clients over the years, representing over 40 million-square-feet of space and 1,000 acres of land, and has consistently ranked among Colliers International’s top brokers. Bill leads a team which includes 12 brokers, 2 research and 2 marketing specialists, and 3 administrative assistants. Under Bill’s leadership, they are able to provide extensive market coverage along with accurate and time sensitive information, reports, statistics, and analysis. "The client is first, the transaction is second and I am third!"

 

Accomplishments

In 2010 Bill completed lease negotiations for the headquarter operations of Digital River, a publicly traded e-commerce company. Digital River hired Bill to evaluate market alternatives, analyze the financial impact of consolidation and relocation, and to lead the negotiation for the relocation of their Eden Prairie office space into a 143,000-square-foot Gold LEED-certified building located in the Opus Park of Minnetonka.

Recipient of the (MNCAR’s) “Industrial Transaction of the Year” award in 2010 for his representation of Lifetouch Studios. The assignment involved the consolidation of three older inefficient facilities totaling 200,000-square-feet into one property of 105,000-square-feet. This allowed Lifetouch to increase operational efficiency, eliminate redundancies and make use of new production and distribution technology.

Recipient of (MNCAR’s) “Industrial Transaction of the Year award in 2011 for his representation of CalSTRS. This assignment involved the completion of a 163,000 square foot lease in First Park Lakeville Business Park and required complex RFP analysis and logistical coordination.

The sale of a 325,000-square-foot former US Bank office building on behalf of PNC Bank in 2013. The Colliers team included office and retail brokers to evaluate market alternatives. Bill acted as the lead Colliers broker to manage the marketing and disposition process. Multiple purchase offers were generated with the eventual Buyer purchasing the side for high density multifamily development and an airport parking operation.

In 2014 Bill secured a 227,000 sf 10 year lease on behalf of Graco, Inc. a Minneapolis based manufacturing company. This project consolidated Graco’s warehouse and distribution from three existing production plants to enable continued growth and expansion of Graco’s business operations.

In 2011, Bill interviewed with representatives of Lockheed Martin for the listing assignment of a 600,000 square foot corporate facility on 51 acres located in Eagan, MN. Lockheed challenged Bill to find a Buyer who was willing to take the entitlement risk and close on the sale. Bill recognized the highest and best use of the property and identified who he believed to be the right buyer. This buyer was selected by Lockheed and closed on the sale within two months of Purchase Agreement execution.

In 2011, Bill represented Milestone AV Technologies in the acquisition of a 75,000 square foot headquarter office building to consolidate Milestone’s office space from two locations. In 2012, Bill completed lease negotiations for Milestone’s 125,000 square-foot assembly facility and a new 105,000 square-foot distribution center. In 2015, Bill’s team provided site selection, lease negotiation and project management services for a 240,000 square foot build to suit facility.

Recipient of (MNCAR’s) “Industrial Transaction of the Year Award” in 2013, Bill negotiated the contract to sell a 510,000 sf Corporate Office/Manufacturing/Distribution facility on 109 acres to a national developer and prior to closing the sale, identified and secured a sale of the building and 59 acres of the 109 acre site to a company who will occupy the building. The remaining land area was developed by Opus and named Valley Park Business Center. In 2015, Bill’s team completed lease negotiations for a 216,000 sf build to suit on a 30 acre site within Valley Park.

Expertise

Industrial and Logistics, Office, Land

Clients

General Mills, Digital River, Graco, Inc., Cenex Harvest States, Lifetouch Studios, Starkey Hearing Technologies, PNC Bank, Boise Cascade, Illume Candles, Kiewit, Milestone AV Technologies, Anchor Block, Winsted, TE Ibberson

Education

Bachelor of Science, Hamline University

 

Testimonials

"Thanks for being the inspiration that got this deal in motion.  When we challenged you to find a buyer that was willing to take on the entitlement risk and close, you delivered. You clearly saw the highest and best use for the site when many of your competitors didn’t, and found the right buyer for the asset. Unlike many of us, you clearly listened to what Lockheed was trying to accomplish and found a solution. And to your credit you were willing to stay “out of the way” while we went through the bumps in the road from LOI to close. You clearly showed that this wasn’t about your ego but getting the deal closed in a win-win between buyer and seller."

Thomas M. Green, CCIM
Real Estate Manager
Lockheed Martin, LMC Properties

 

"Bill and his Colliers/Welsh team have effectively represented Digital River on several significant real estate transactions.  Bill has been key in helping us meet our real estate goals and we continue to count on him for all or our real estate needs.  He is always working towards his clients best interest as being the priority of each assignment!"

 

Dave Barber

Director of Operations

Digital River

Affiliations & Memberships

NAIOP, MNCAR

44.92403400 -93.44857000

Listings

View all my listings
Description Price Total Space Property Type Offer Type
Oakview Business Center I

Oakview Business Center I

1284 Corporate Center Dr

85,600 square foot industrial building available. Building offers custom designed space... Save

N/A 8,428 sq ft Industrial For Lease
Hampshire Technology Center

Hampshire Technology Center

10900 Hampshire Ave | Bloomington, MN

Hampshire Technology Center is a Class A single story office tech building consisting o... Save

N/A 26,000 - 75,265 sq ft Industrial, Office For Lease
Chaska Creek Business Park

Chaska Creek Business Park

SWC of Engler Blvd & Hwy 212

Description Chaska Creek Business Park is an 83-acre mixed use development with flexib... Save

N/A 6,000 - 200,000 sq ft Industrial For Lease
Maple Grove Land - 11.45 Acres

Maple Grove Land - 11.45 Acres

9450 Zachary Lane N | Maple Grove, MN

Approximately 11.45 acres in Maple Grove, Minnesota. Property Information Sale Price:&n... Save

N/A 11 Ac. Land For Sale
Dean Lakes

Dean Lakes

4601 Dean Lakes Blvd | Shakopee, MN

Property Details Rentable Area: 98,351 SF Floors: 2 PID Number: 27.399.002.0 Net Renta... Save

N/A 98,351 sq ft Office, Technical For Lease, For Sale
Technology Park VIII

Technology Park VIII

7600-7650 Golden Triangle Dr

74,270 square foot light industrial building available in the Golden Triangle. Location... Save

N/A 67,576 sq ft Industrial For Lease
Lake Elmo Business Park

Lake Elmo Business Park

NEQ of I-94 & Lake Elmo Ave N

Lake Elmo Business Park is a premier development located off I-94 & Lake Elmo Ave i... Save

N/A 50,000 - 282,000 sq ft Industrial For Lease
Valley Oaks Distribution Center

Valley Oaks Distribution Center

5301 - 5391 12th Avenue East | Shakopee, MN 55379

For Lease Square Feet Available: 25,101 SF warehouse *3 Docks Save

N/A 8,675 - 25,101 sq ft Industrial For Lease
Big Lake Station Land

Big Lake Station Land

SEQ CR 43 & Forest Road, Big Lake, MN 55309

1 to 55 acres available, owner will subdivide Sites adjacent to Northstar Commuter Rai... Save

$1.00 55 Ac. Land For Sale
Bryant Lake Business Center Bldg 2

Bryant Lake Business Center Bldg 2

7555-7557 Marketplace Drive | Eden Prairie, MN 55344

28,703 SF full building multi-purpose office and showroom space. Available 6,989 s... Save

N/A 6,989 sq ft Industrial, Office For Lease
View all my listings

Contact Bill