{"id":1004171544,"date":"2017-04-06T03:53:08","date_gmt":"2017-04-06T11:53:08","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004171544"},"modified":"2022-12-08T15:44:48","modified_gmt":"2022-12-08T23:44:48","slug":"lasalle-investment-management-secures-220-ksf-mixed-use-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/lasalle-investment-management-secures-220-ksf-mixed-use-asset\/","title":{"rendered":"LaSalle Investment Management Secures 220 KSF Mixed-Use Asset"},"content":{"rendered":"<p>By Adina Marcut<\/p>\n<div id=\"attachment_1004171560\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Mayo-Clinic.png\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004171560\" data-attachment-id=\"1004171560\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/lasalle-investment-management-secures-220-ksf-mixed-use-asset\/mayo-clinic\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Mayo-Clinic.png\" data-orig-size=\"800,464\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Mayo Clinic\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Mayo-Clinic.png?w=800\" loading=\"lazy\" class=\"wp-image-1004171560 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Mayo-Clinic.png\" alt=\"Mayo Clinic\" width=\"300\" height=\"174\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Mayo-Clinic.png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Mayo-Clinic.png?resize=300,174 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Mayo-Clinic.png?resize=768,445 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004171560\" class=\"wp-caption-text\">Mayo Clinic<\/p><\/div>\n<p>LaSalle Investment Management secured the acquisition of Mayo Clinic Square, a 220,000-square-foot, Class A, mixed-use complex in Minneapolis. CBRE provided brokerage services on behalf of LaSalle and the seller.<\/p>\n<p>The property has four floors and comprises medical and traditional offices, specialty spaces and ground-level retail, including popular restaurants and establishments. Mayo Clinic, Link Snacks, HDR and Taylor Sports Properties are among the tenants in\u00a0the upper levels of the building, while the ground-floor is occupied by Starbucks, Jimmy John&#8217;s, Kieran\u2019s Irish Pub and City Works.<\/p>\n<div id=\"attachment_1004171562\" style=\"width: 310px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Mayo-Clinic-interior.png\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004171562\" data-attachment-id=\"1004171562\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/lasalle-investment-management-secures-220-ksf-mixed-use-asset\/mayo-clinic-interior\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Mayo-Clinic-interior.png\" data-orig-size=\"800,501\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Mayo Clinic interior\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Mayo-Clinic-interior.png?w=800\" loading=\"lazy\" class=\"wp-image-1004171562 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Mayo-Clinic-interior.png\" alt=\"Interior of Mayo Clinic\" width=\"300\" height=\"188\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Mayo-Clinic-interior.png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Mayo-Clinic-interior.png?resize=300,188 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Mayo-Clinic-interior.png?resize=768,481 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004171562\" class=\"wp-caption-text\">Interior of Mayo Clinic<\/p><\/div>\n<p>The development is in close proximity to the award-wining Loews Hotel, adjacent to Target Center and located within the Warehouse District of the Minneapolis CBD. At first, the property was developed as a vertical mall which suffered a $50 million redevelopment in 2015, transforming the building\u2019s exterior design, interior layout and almost all tenant spaces.<\/p>\n<p>\u201c<em>The Warehouse District is undergoing transformative change that continues to make this area increasingly relevant to tenants and local residents, and Mayo Clinic Square represents a key driver of this evolution. The building\u2019s synergistic mix of high-quality tenancy and onsite amenities within immediate proximity to local attractions, mass transit and readily available parking will help drive overall asset performance<\/em>,\u201d David Schreiber, managing director of acquisitions at LaSalle, said in a prepared statement.<\/p>\n<p><em>Image courtesy of JLL<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company closed the acquisition of a Minneapolis property, which was initially developed as a vertical mall and underwent a $50 million redevelopment in 2015.<\/p>\n","protected":false},"author":436,"featured_media":1004171560,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,13,36076,21752,21742],"tags":[32796,33722,34800],"class_list":["post-1004171544","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-midwest","category-minneapolis-st-paul","category-mixed-use","category-latest","tag-jll","tag-lasalle-investment-management","tag-mayo-clinic"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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