CarVal Investors has signed a long-term, 35,000-square-foot lease at 10 West End, a 344,000-square-foot development at the intersection of Highways 394 and 100 in St. Louis Park, Minnesota.
The investment management firm will relocate its headquarters from its current Excelsior Boulevard location to 10 West End upon the completion of construction, which is projected for the first quarter of 2021. Transwestern Principal Mike Honsa is providing office leasing services for the building.
10 West End is an 11-story, Class-A office building being developed by Ryan Companies US, Inc. and The Excelsior Group. The building will feature high-tech conference space, dynamic bike and fitness facilities, collaborative lobby workspaces, open-air balconies on every floor, tenant sky lounge and deck, direct access to Central Park West and free covered ramp parking.
10 West End broke ground October 2019 and is the first Class-A speculative office building constructed in the West submarket in more than 20 years.
“The activity in the West End area, and specifically at 10 West End, has been solid,” said Honsa. “We continue to see a high level of interest from a variety of tenants and industries. The West End neighborhood is one of the most coveted locations in the Twin Cities, and 10 West End is raising the bar on quality.”
CarVal specializes in distressed and credit-intensive assets. As the first tenant to sign a lease at 10 West End, CarVal will occupy an entire floor of the building.
