Retail W Minnesota

Minnesota's CityPlace mixed-use development nabs new office tenants

cityplace

The mixed-use CityPlace development continued its momentum by recently adding new tenants to its existing Class-A office building in Woodbury, Minn.

The mixed-use CityPlace development continued its momentum by recently adding new tenants to its existing Class-A office building in Woodbury, Minn.

Last month, the partnership of Florida-based Elion Partners and Minnesota’s Kraus-Anderson announced Whole Foods Market as an anchor tenant.  Woodbury’s CityPlace has now signed new leases with Verizon Wireless, new-to-market Café Zupas and Wedding Day Diamonds.  Senior vice president Chris Simmons of Welsh Colliers International represented the owner in these transactions.

“We are excited about the momentum building at CityPlace,” said Juan DeAngulo, managing principal with Elion Partners, in a written statement. “We are confident our future tenants, both office and retail alike, recognize the built-in customer-base and first-class amenities CityPlace has to offer.”

DeAngulo also noted that the joint venture recently launched a new marketing campaign to reposition the existing 400,000-square-foot office building.

Located at the northeast corner of Radio Drive and Hudson Road, the master-planned development will feature Class-A office space, shopping, restaurants and a hotel. Redevelopment of the 100-acre project is underway, with anticipated construction delivery of the first phase of retail set for the summer of 2015.