CBRE Awarded Leasing Assignment for Two Office Buildings in Western Minneapolis Suburbs

CBRE announced today it has been awarded the exclusive leasing assignment for two office buildings totaling 100,000 square feet in suburban Minneapolis.

The two buildings include Maple Grove Executive Center, a four-story, 33,000-square-foot property at 7200 N. Hemlock Lane in Maple Grove, Minnesota; and Carlson Center East II, a two-story, 62,000-square-foot property at 130 N. Cheshire Lane in Minnetonka, Minnesota.

CBRE’s Jerry Driessen and Lexi Magnes will market the combined 17,000 square feet of office space on behalf of ownership, Dahl Real Estate.

"CBRE is excited to be the new leasing team on both of these properties,” said Magnes. “Both buildings have a history of being well-occupied, so this is a rare opportunity for prospective tenants to lease some of the most well-regarded office space in the Western Minneapolis suburban region.”

Dahl Real Estate recently improved the existing amenity offerings in both buildings with the addition of several enhancements including Wi-Fi, new area seating and finishes in all common areas, new outdoor seating and the implementation of various new and original art pieces.

According to CBRE Research, suburban Class A asking rates in the Minneapolis office market outpaced downtown Class A asking rates in 2023, with a 5% growth from the previous year. Additionally, leasing activity was the highest recorded in 2023, exceeding 6.5 million square feet transacted during the year.