• April 4, 2024

MSP’s Quarterly Newsletter, Vol. 37 – Happy Spring from MSP!

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Project Spotlight: Maple Grove Executive Plaza

Maple Grove Executive Plaza

Acquired in March of 2024, Maple Grove Executive Plaza was a welcome addition to the MSP Commercial portfolio. With many like-kind properties in the 50+ building portfolio, the transition of ownership and management of this three-story, multi-tenant building was a uncomplicated and smooth process.

“We’re excited to add this building to our growing healthcare real estate portfolio.” Commented Steve Miller, Development & Acquisitions at MSP Commercial.

“Our property and project management teams have already started strategic planning to improve the property and increase the asset’s value.” 

Interest in this asset was in part due to the familiar mix of tenants, since MSP already has strong and established relationships with many of the current tenants. Occupying just over two-thirds of the building, Children’s MinnesotaiSpine Pain PhysiciansEllie Mental Health, and Edina Realty have all been tenants in MSP developed and managed properties. The nearly 60,000 square foot building was 92% leased upon purchase date. It houses a total of 10 different tenants, the majority of which are medical or medical specialty providers.

MSP’s project management team hit the ground running on capital improvements for the property, with plans for parking lot and exterior improvements to start in early spring of 2024. Read More…

WELCOME NEW TENANTS

Maple Grove Executive Plaza
7767 Elm Creek Blvd | Maple Grove

Children’s Minnesota
iSpine Clinics
The Right Staff
Laganis Pediatric Dentistry
Minnesota Real Estate Journal
Vishay HiRel Systems
LasikPlus
Ellie Mental Health
Orthotic Care Services
Edina Realty

Eastridge Business Center
Universal Services Inc. 
587 Settlers Ridge Parkway | Woodbury, MN

Tamarack Hills Medical
Metropolitan Endodontics
748 Bielenberg Dr | Woodbury, MN

Bhatti GI Consultants
Bhatti Surgery Center
1447 White Oak Dr | Chaska, MN
Bhatti GI & Southdale Specialty Surgery Center
6500 Barrie Rd | Edina, MN

MEET MSP: ROZ BICKLE – OPERATIONS ASSISTANT

Roz Bickle

Friendly and organized, Roslyn “Roz” Bickle will be working closely with the Property Management team to help place, track and communicate work orders, maintenance and repairs with tenants and vendors. Read More…

 

 

 

 

Going to the ASHE Conference next week?

Stop by our table to say hi, grab some sweet swag and enter to win a gift card!