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MARKET REPORT I Q2 2013 I OFFICE I MINNEAPOLIS-ST. PAUL <br /> I <br /> JI <br /> 94 10 TW to ( WEST/NORTHWEST <br /> NORTHWEST1 >The overall West submarket vacancy is 15.8 >The vacancy rate among Class A properties <br /> T Si P7iLL d percent, down from 16.7 percent in Quarter in the West submarket is 9.0 percent,compared <br /> 12 WEST NBNNEAPOUS CBI I SUBURBAN <br /> One.Absorption totaled 132,233 square feet, to an overall Class A vacancy rate of 12.8 <br /> 74, <br /> W ST.PAUL CEO ' 0 mostly in Class B space. percent.There are few remaining large Class A <br /> '� == vacancies along the 394 Corridor. This <br /> CS ®= ii <br /> l > Wells Fargo continues to consolidate its submarket benefits from its close proximity <br /> SOUTHWEST <br /> AIRPORT/ . ,/ operations into the Metropoint complex. The and quick access to the Minneapolis CBD and <br /> SOUTH OF <br /> G. THE RIVER ®�-""°`—,-' company is focusing on efficiency, reducing its central location to both northern and <br /> their overall space use, and bringing down southern suburban cities, making it attractive <br /> costs. to companies and their employees. <br /> New For 02 2013 >The Northwest submarket has a vacancy rate <br /> > Beginning with this report, we will be of 23.2 percent with Class A properties posting <br /> analyzing this submarket overall and with a a vacancy rate of 29.7 percent-the highest of <br /> geographic breakdown between the West and Class A properties in our report. There isn't a <br /> the Northwest. We split the submarket into concentration of large corporate users in the <br /> two along Highway 55. We feel these two Northwest submarket providing the synergy <br /> distinct markets are better analyzed and demand for space as compared to the <br /> separately. West submarket. <br /> SIGNIFICANT WEST/NORTHWEST ACTIVITY <br /> LEASE <br /> TENANT BUILDING ADDRESS CITY SIZE(SF) <br /> Abra Auto Body&Glass Northland Corporate Center 7225 Northland Drive Brooklyn Park 33,000 <br /> The Moscoe Group Crescent Ridge II 10900 Wazyata Blvd Minnetonka 24,470 <br /> SALES <br /> BUILDING ADDRESS CITY BUYER SELLER PRICE PRICE PSF SIZE(SF) <br /> Park Glen Corporate Center 4500 Park Glen Road St.Louis AtWater Group Park Glen Corporate $6,000,000 $115 52,124 <br /> Park Center LLC <br /> 10709 Wayzata Blvd 10709 Wayzata Blvd Minnetonka The Davis Group Senior Community $2,200,000 $165 13,320 <br /> Services <br /> COLLIERS INTERNATIONAL I MINNEAPOLIS-ST.PAUL <br />