- The Company
- What We Do
November 25, 2014
CityPlace , Woodbury’s mixed-use corporate center, adds Verizon Wireless, Café Zupas & Wedding Day Diamonds
Woodbury, Minn. (November 24, 2014) – CityPlace continues its momentum by adding complementary uses to the existing Class A office building, advancing the implementation of a mixed-use corporate experience. Last month, the partnership of Florida-based Elion Partners and Minnesota’s Kraus-Anderson announced Whole Foods Market as an anchor tenant. Woodbury’s CityPlace has now signed new leases with Verizon Wireless, new-to-market Café Zupas and Wedding Day Diamonds. Senior Vice President Chris Simmons of Welsh Colliers International represented the owner in the transactions.
“We are excited about the momentum building at CityPlace,” said Juan DeAngulo, managing principal with Elion Partners. “In addition to welcoming three more retailers, Elion Partners and Kraus-Anderson recently finalized the disposition of the land for the 116-room Residence Inn by Marriott. The hotel component is another fundamental complement to the existing office building and key amenity behind the project’s work-play concept.”
According to DeAngulo, the overall activity is a true testament to the desirability of this location. “We are confident our future tenants, both office and retail alike, recognize the built-in customer-base and first-class amenities CityPlace has to offer.” DeAngulo also noted that the joint venture recently launched a new marketing campaign to reposition and tenant the existing 400,000-square foot office building as it continues to revitalize the 100-acre parcel.
With Whole Foods Market as an anchor, CityPlace is seeing increasing interest from strong national and regional brands that aim to leverage the grocer’s drawing power, and capitalize on the sites prominent location in the vibrant Woodbury trade area. “CityPlace offers merchants and restaurateurs a unique opportunity to easily capture a demographically robust core customer profile, which is the foundation for generating repeat business and driving sales,” said Simmons.
Located at the northeast corner of Radio Drive and Hudson Road, the master-planned development carefully weaves a mix of uses with pedestrian-friendly streetscapes. With Class A office space, shopping, restaurants and a hotel, CityPlace offers a unique mixed-use campus that caters to employers who value easy accessibility, walkability and a balance of work-life integration.
Redevelopment of the 100-acre project is well underway with anticipated construction delivery of the first phase of retail set for the summer of 2015.
About Elion Partners
Elion Partners (www.ElionPartners.com) is a Florida-based national real estate investment firm with a proven track record of successfully acquiring and developing quality properties in strategic locations. Elion provides smart real estate equity for best-in-class developers and operators with the expertise to turn potential into profit. For private and institutional investors, Elion is a trusted source of commercial real estate investments with reliable, risk-adjusted returns. Elion’s principals have successfully managed full-cycle investments across a variety of asset types including industrial, office, retail, multi family and mixed-use properties throughout the United States.
Kraus-Anderson has transformed the American landscape for more than a century. Established in 1897, Kraus-Anderson provides strategic services including commercial real estate development and management, construction, equipment financing and risk management to clients nationwide. Kraus-Anderson (www.www.krausanderson.com) is an Affirmative Action, Equal Employment Opportunity Employer.