Kraus-Anderson and Elion Partners on Feb. 6 announced that Welsh/Colliers has been selected to market the retail portion of the 100-acre corporate campus at Interstate 94 and Radio Drive in Woodbury, Minn. Veteran brokers Chris Simmons and Tom Palmquist will be the lead brokers for Welsh/Colliers.
Kraus-Anderson and Elion are collaborating on the redevelopment of the high-profile property, which will be transformed into a 700,000-square-foot commercial development with shops, restaurants and additional office space as well as plans for a hotel, bank, two medical office buildings and a day care. The property includes 300,000 square feet of new construction plus an existing 400,000-square-foot office building.
“Adding Welsh/Colliers is a big step for the project,” said Matt Alexander, Kraus-Anderson’s director of real estate development, in a written statement. “We are very fortunate to bring on Chris Simmons and Tom Palmquist, two of the region’s most experienced and highly regarded retail leasing brokers who also have national resources at their disposal.”
Both Simmons and Palmquist are senior vice presidents at Welsh/Colliers, a Minnesota commercial real estate firm that specializes in the marketing of retail, industrial and office space.
