HomeMy WebLinkAbout2.b. Market Discussion with Ben Drew, Cushman & Wakefield
EXECUTIVE SUMMARY
City Council Work Session: December 11, 2017
AGENDA ITEM: Market Discussion with Ben Drew,
Cushman & Wakefield
AGENDA SECTION:
Discussion
PREPARED BY: Kim Lindquist, Community Development
Director AGENDA NO. 2.b.
ATTACHMENTS: None. APPROVED BY: LJM
RECOMMENDED ACTION: Presentation and Discussion Opportunity; No Action
Requested
SUMMARY
The Council and Port Authority have retail attraction as one of their primary goals for the community.
Based upon the current land use map, there are three significant areas for future commercial growth, the NE
corner of Hwy 3 and County Road 42, the north side of County Road 42 at Akron Ave, and the 42/52
interchange.
Cushman & Wakefield has been the land brokerage service for the Akron Avenue property for some time.
Ben Drew of Cushman & Wakefield will be in attendance at the meeting to discuss what they are seeing in
the Metro market, the SE Metro market and their experiences in Rosemount. He will also provide
information about the firm’s marketing efforts over the last several years, and what feedback they’ve
received from various contacts.
Mr. Drew works with a team from Cushman & Wakefield for land sales and development. Other members
include Luke Appert and Jon Rausch. Staff had worked with James McCaffrey over the last several years on
the site; he recently “semi-retired” to Colorado and is not presently the direct contact for the site. The
owners are Lee Johnson and Dan Herbst, who have been owners prior to the property being zoned and
guided for commercial development.