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Bill Ritter | Colliers | Minneapolis - St. Paul

Bill Ritter

SIOR, CCIM

Sr. Executive Vice President

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About

Professional Summary

As a Senior Vice President of Colliers International | Minneapolis-St. Paul, I specialize in Advisory and Brokerage Services with an emphasis on industrial properties, corporate headquarter operations, and land sites.  I lead a 12-person team and have directed transactions on behalf of thousands of clients over the years, representing over 100 million square feet of space and 1,500 acres of land.

As a proven leader in Colliers International’s Brokerage Services Division, I am a 34-year veteran of the company, and my list of long-term clients speaks volumes. My commitment and dedication to my clients and to Colliers has reinforced that experience, tools and knowledge create opportunities which result in success. Colliers’ full-service capabilities provide local, national and worldwide availability of information to prioritize the important factors that play a role in the client’s decision process.

My complete focus is on my client! They rely on my willingness to make their real estate needs a priority and to establish solutions which are put into action. Efficiency is the key to my dedication.

“Nothing is more important than the client and Integrity means everything!”

Accomplishments

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.

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.

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.

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 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.

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 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.

Education

Bachelor of Science, Hamline University

 

Memberships & Involvements

NAIOP, MNCAR

Clients

General Mills, Graco, Inc., Illume Candles,  Oldcasltle, Winsted, Kiewit

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

Services

Skills

Distribution, Land Sales, Lease Advisory, Warehouses

Service Lines

Landlord Representation, Tenant Representation, Occupier Services

Property Type

Industrial, Office, Land

My Team

Featured Research

Jul 15, 2022

Q2 2022 Industrial Market Report Minneapolis-St. Paul

Despite Amazon publicly announcing they’d contract by 40 million square feet across the US, the industrial market, including 3PL’s, remained robust. Absorption during the first half of the year totaled roughly 4 million square feet -- almost exactly in line with construction deliveries of the same amount. The pace of construction is still picking up with 5 million square feet being built right now.
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Apr 21, 2022

Q1 2022 Industrial Market Report Minneapolis-St. Paul

The Minneapolis-St. Paul Industrial market remains hot, although evidence of a cool down has begun to emerge. Positive trends include net absorption reaching 2.2 million SF further reducing vacancy to new historic lows.
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Jan 24, 2022

Q4 2021 Industrial Market Report Minneapolis-St. Paul

The 4th quarter of 2021 saw continued growth of the industrial sector. With over 3 million square feet of positive absorption, vacancy rates continue to push to a new low as developers struggle to keep up with demand.
Read More
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