Carlson Starts HQ Renovation

For the first time since completion, the 16-story trophy tower in Minnetonka will be available to tenants outside of the company.
Carlson World Headquarters

Carlson Real Estate has begun upgrading its world headquarters at 701 Carlson Parkway in Minnetonka, Minn. The multimillion-dollar project is expected to be completed by the summer of 2019, when, for the first time, space in the trophy tower will be available for tenants outside of the company.

JLL Agency Leasing Group’s Jon Dahla, Brent Robertson, Sam Maguire and Andrea Fischer will direct the leasing efforts. The company told Commercial Property Executive that they have already signed one lease for the 14th floor and are currently in discussion with several other potential tenants. 

The 16-story office property is LEED certified to the Silver level and encompasses 268,000 square feet. The upper floors—approximately 60,000 square feet—will be available for lease as the company decided to decrease space per employee and invest more in top-of-the-line amenities. Building upgrades will include a new lobby, fitness facility with possible adjoining outdoor area, conference and training center and a new cafe. RSP Architects, which has recently coordinated the design work at the newly opened InterContinental hotel near MSP Airport, will lead the renovation process.

Carlson’s world headquarters came online in 1988, according to real estate data provider Yardi Matrix, and is connected to downtown Minneapolis via Interstate 394. The nearby area hosts a great variety of shopping centers and dining options as well as The Island Residences at Carlson Center, a 174-unit luxury community.

Image courtesy of Yardi Matrix