Radisson Hotel Group Americas will move its headquarters next year from Minnetonka into the newly completed 10 West End building in St. Louis Park, officials announced this week.
Radisson Hotel Americas moves HQ to St. Louis Park's new 10 West End building
The hospitality company said it expects to make the move from Minnetonka next year.
June 29, 2021 at 3:53PM
The long-term lease will give the expanding hotel operator 36,000 square feet of space in the new speculative 11-story building that Ryan Cos. and Excelsior Group began constructing in late 2019 and finished in January 2021.
The lease in the Class A office building, located near Interstate 394, was arranged by Transwestern Real Estate Services on behalf of Minneapolis-based Ryan Cos.
"Radisson Hotel Group Americas is an incredible Minnesota-based hotel company and their long-term commitment to 10 West End further reinforces the demand for high-quality suburban office space in the I-394 corridor," said Tony Barranco, Ryan's senior vice president of real estate development.
In moving to the 343,000-square-foot building, Radisson joins the Nebraska-based engineering and construction firm HDR, which in September signed a lease for 48,000 square feet, and Hopkins-based CarVal Investors, which signed a lease for 35,000 square feet in March.
Other new tenants include Two Harbors, Aerotek, and Blackburn and Charlie & Co. The building is now more than 50% leased.
The leasing activity is a hopeful sign that the slowdown in office leasing activity caused by the pandemic may be over. For more than a year tenants paused real estate decisions as their office staff worked remotely from home, creating ghost towns out of most office towers across the Twin Cities.
The new 10 West End is considered the first speculative office construction in St. Louis Park in roughly 20 years.
Features include high-tech conference and collaborative work spaces, fitness facilities, balconies, ramp parking and a top-floor deck for tenants.
The funding is expected to give more than 5,000 Minnesotans, especially in rural areas, high-speed broadband access across the state and help at least 139 businesses and 368 farms.
