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Press Releases

KBS Signs More Than 13,000 Square Feet in Leases at Northland Center in Bloomington, Minnesota

  • April 25, 2018
Press Releases

KBS Signs More Than 13,000 Square Feet in Leases at Northland Center in Bloomington, Minnesota

  • April 25, 2018
BLOOMINGTON, Minn. (April 25, 2018) – KBS Realty Advisors of Newport Beach, California announced today the signing of a new 13,335-square-foot lease at Northland Center in Bloomington, Minnesota. Travelliance, a firm offering corporate lodging solutions for airlines and workforce travelers, is a new tenant at the property.

Northland Center is a two-building Class A office park consisting of 493,000 square feet. The amenity-rich property is complete with a fullservice café and hair salon, large conference rooms accommodating up to 100 people, a fitness center with locker rooms, outdoor and indoor plazas, bocce ball court, covered and climate-controlled parking, and more.

Located in the southwest suburban commercial district, and along the border of the highly affluent Edina, Minnesota neighborhood, Northland Center is well-situated in an ideal location for those seeking a live-work-play environment. The property is surrounded by an abundance of shopping, dining, hospitality and entertainment options including the Edina Galleria. Tenants also benefit from the accessibility to multiple freeways, including I-494 and 35W, and public transportation.

“Signing a new tenant to our roster is reassuring of the property’s strength within the market,” said Gio Cordoves, senior vice president for KBS and asset manager for the property. “The strong amenities and ideal surroundings of Northland Center will provide great value to Travelliance, and we hope the relationship will be a lasting one.”

Ryan Bohrer of Cushman & Wakefield represented Travelliance and Bill Rothstein of Cushman &Wakefield represented KBS in the transaction.

Media Contact

Ginny Walker

KBS PR Manager
949-417-6535
gwalker@kbs.com

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Industry Trends

Underwriting the Perceived Instability of Short-Term Office Leases

  • February 16, 2021
The threat of shorter office lease terms has been looming over the commercial real estate industry for several years. Companies first braced for the potential impact of new standards from the International Accounting Standards Board (IASB) recognizing all leases on the balance sheet, which took effect in January 2019. Then, the office leasing world was hit with additional challenges from COVID-19 as many companies opted to work from home and re-evaluated the role of their physical office space.
Industry Trends Insights

Envisioning the Future of the Built Environment

  • January 29, 2021
Amidst the ongoing crisis, built environments are at the front lines of change and will play a huge role in creating a more resilient world going forward. Office architects are re-envisioning the future of the workplace—where and how we work. Unfortunately, there is no crystal ball to predict exactly what the new future-oriented office will look like, but what we do know is flexibility and adaptability will be key in resilient design.
Industry Trends

Why Texas is becoming a commercial real estate powerhouse

  • January 21, 2021
It looks like 2021 will be another big year for Texas, a year when a lot of major companies will make the jump and move to the Lone Star state. Just look at these transitions:
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