01/28/14 - Laserfiche WebLink

Home

CBRE REAL ESTATE MARKETING AND BROKERAGE SERVICES PROPOSAL BACKGROUND - Services & Capabilities - Case Studies The following case studies provide a concise description of relevant work experience including project description, cost, length of time involved and specific responsibilities. Challenge CBRE The CBRE Land Services Group was asked to represent Paragon Outlet Partners in search of a feasible site for a new commercial outlet mall in the Twin Cities area. The parameters of this task included a high visibility location with good accessibility, a significant amount of acreage, and the desire to be located close to the 494/694 interstate loop. Solutions In reviewing the sites throughout the Twin Cities with the CBRE team, Paragon focused on the Eagan property as its preferred location due its proximity to Mall of America, strength of the demographics, and visibility to Highway 77 and 13. Paragon used CBRE to assist in coordinating the right legal, engineering, and political consultants to help move the City entitlements through the process. Results Paragon Outlets successfully closed on the property in April 2013 and will start the ground up development of the 440,000 square foot outlet mall this summer. The uniqueness of this site so close to the core of the Twin Cities including the Mall of America, with the outstanding architectural design and inviting spaces will play a key role in creating an attractive, new destination. 15 �__ _9 az ,i v a4y L Challenge CBRE Land Services Group was hired by two financial institutions to market and sell vacant developed single-family residential lots in the Interlaken neighborhood in Waconia, MN. In order to market the lots, development issues with the City needed to be resolved. Solutions Working with our clients, CBRE negotiated with the City an amendment to the development agreement allowing for completion of the remaining sited development work. Results By eliminating outstanding issues, CBRE was able to market the properties to interested parties, narrowing down to a single buyer. Challenge The CBRE Land Services Team was engaged by the Ford Motor Company to prepare a Broker's Opinion of Value for the Twin Cities Plant located in St. Paul, Minnesota. The property consisted of an active truck assembly plant and hydroelectric power plant. The assembly plant dates back to 1923, with many additions and modifications made over the years. Results CBRE has been retained by Ford to market the property. Challenge CBRE Land Services Group was engaged by a large national financial institution to value a vacant 81-acre site in Lakeville and was ultimately selected to market the property for sale. Solutions The team worked with the seller to create value by renewing existing entitlements for 149 single-family lots and exposing the site to the market, creating over seven offers, including several national homebuilders. Results CBRE and the seller worked together to identify the best buyer based on timing and ability to close. Lennar Homes was ultimately selected and closed in June 2012. Eagan Outlets Quick Facts: - 29 acre, ground up development off Highways 77 and 13 - 40,000 SF outlet mall —100 stores - Future home of Saks Fifth Avenue OFF 5th - Former Cedarvale shopping mall Interlaken Quick Facts: - 47 Lots total - 2 separate owners Ford Quick Facts: - Industrial redevelopment project - Consulting scope of work - 125 acres - Completion: 01/08 Tullamore Quick Facts: - Entitled 81-acre site for 149 single-family lots - Sold in June 2012 9 1 CBRE