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PRESS RELEASE <br />FOR IMMEDIATE RELEASE <br />Contact: <br />Lauren Anderson, CBRE <br />952.924.4839 <br />lauren.anderson2@cbre.com <br />Patrick Brama, City of Ramsey <br />763 - 433 -9903 <br />pbrama@ci.ramsey.mn.us <br />THE CITY OF RAMSEY AWARDS CBRE LISTING CONTRACT <br />CBRE <br />Minneapolis, MN — January 29, 2014 — The CBRE Minneapolis Land Services Group is pleased to <br />announce they have been awarded a listing contract by the City of Ramsey. The listing agreement <br />is for the disposition services of 17 city -owned parcels ranging in size and use. <br />The parcels are scattered throughout the City of Ramsey with a concentration of sites in the <br />Ramsey COR development. CBRE will seek end users for commercial, retail, residential, office, <br />mixed use, and industrial land uses. <br />Ramsey is a northwestern Twin Cities suburb in Anoka County with a population of 24,071. The <br />City is also known for its unique COR development that encompasses over 400 acres of <br />residential, commercial, retail, educational and recreational uses. The COR is the Twin Cities' first <br />and only mixed -use development on the Northstar Commuter Line that services downtown <br />Minneapolis, and offers a unique transit oriented development providing easy access to home, <br />work, and neighborhood services. Highways 10/169 and 47 are two larger transportation routes. <br />Richard Palmiter, CBRE broker representing the City of Ramsey: "We are extremely excited to <br />begin working with the City of Ramsey on these parcels and look forward to building a long -term <br />working relationship ". <br />Brian Pankratz, CBRE broker representing the City of Ramsey: "The City of Ramsey is well located <br />with immediate access to the Northstar Commuter Rail and Highway 10 that will draw interest <br />from a variety of users, developers, and investors." <br />Ramsey Mayor, Sarah Strommen states: "The new partnership with CBRE is an important step in <br />implementing the City's strategic plan, of which economic development is a key component. We <br />are confident that CBRE will help us bring new development opportunities to Ramsey." <br />City Administrator Kurt Ulrich states "The City reviewed a number of firms that were interested in <br />working with the City and concluded CBRE brings the best combination of local broker <br />representation and national market reach to the table. The development of Ramsey's COR <br />downtown area is well - placed to be on the cutting edge of the next generation of development in <br />the Twin Cities, and we believe CBRE is going to help make that happen." <br />