1215 Town Centre Drive, Suite 130
Eagan, MN 55123
Phone: 651.287.8888

MSP Commercia
l In The News


Woodbury Business Connect 2018

By City of Woodbury
Published October 1, 2018

MSP has developed a strong relationship with the City of Woodbury over the years. Our very own Vice President of Acquisitions and Asset Management, Steve Miller, has repeatedly attended their successful Annual Woodbury Business Connect event. In 2018, he was featured in their event video. Click here to view it on Youtube.


Rendering 08312018 CroppedChalet Liquors Store to be turned into new North Clinic in Crystal

By Laura Kay Prosser, Sun Post
Published September 25, 2018

Robbinsdale North Clinic wil;l move to 5109 36th Av. N., Crystal, the former location of Chalet Liquors Store. The building will be renovated in October.


Collier Medical Office Vacancy Rate Ticks Up

By Matt Johnson, Finance & Commerce
Published September 18,2018

Developers of Twin Cities area medical office buildings are on track to complete about 83,000 square feet of projects in the final six months of 2018 after finishing five times that amount in the first half of the year.


1018-chaska-plaza-3MSP Commercial Sheds Chaska Retail Center
By Anne Bretts, Finance & Commerce
Published November 22, 2017

The 14,000-square-foot Chaska Gateway Plaza, at 1002 Gateway Drive in Chaska, was built in 2006 by MSP Commercial. The property sold for $2.7 million to a California investor.


Hy-Vee, Medical Building, Kick Off Chaska Business Center
By Anne Bretts, Finance & Commerce
Published July 21, 2017

West Des Moines, Iowa-based Hy-Vee Inc. has paid $4.3 million for a 16-acre site for a new store in the long planned Chaska Business Center, although construction may not happen until 2019.
Meanwhile, Eagan-based MSP Commercial gets the honor of being the first to break ground in the 83-acre mixed-use center Minnetonka-based Opus Group is developing on the southwest corner of Highway 212 and Engler Boulevard.

Allina Health River Falls Clinic opened June 19
By: Michael Brun, River Falls Journal
Published June 19, 2017

The new Allina Health River Falls Clinic located at the corner of East Division Street and Highway 35 provides a hometown care setting with next-door access to a regional health system.

MSP Commercial teams with Hy-Vee Chaska Creek

By: Don Jacobson, Minneapolis Star Tribune
Published March 17, 2017

Details: Eagan-based MSP Commercial is continuing a spree of medical office development with a new project in Chaska and an unusual partner — the Hy-Vee grocery chain.


MSP Commercial to build clinic near Maple Grove Hospital
By: Don Jacobson, Minneapolis Star Tribune
Published March 2, 2017

The Eagan-based builder has several new medical office buildings currently on its plate. A summer completion is expected for its new Allina Health clinic in River Falls, Wisconsin, and two new structures are on tap for Woodbury.

Developer plans medical-office building for Maple Grove
By: Katharine Grayson, Minneapolis St. Paul Business Journal
Published January 31, 2017

MSP Commercial has proposed building a 24,000-square-foot medical office building in Maple Grove that would house a surgery center and clinic. The site is near the Cambria Suites hotel at 9655 N. Grove Circle, which is sandwiched between Interstate 94 and Maple Grove Hospital.

Developer buys former Trooien site in Woodbury
By: Hank Long, Finance & Commerce
Published September 28, 2016

Eagan-based MSP Commercial has paid $1.79 million for a 10.9-acre site in Woodbury, where it plans to build two medical office buildings across the street from a future Costco store.

RenderingMinnesota Eye Consultants plans Woodbury Expansion
By: Katharine Grayson, Minneapolis St. Paul Business Journal
Published July 13, 2016

Another medical-specialty practice is targeting Woodbury for expansion. Ophthalmology group Minnesota Eye Consultants has teamed up with Eagan-based developer MSP Commercial to propose a 41,000-square-foot medical office building.

Eagan Summit Orthopedics Building to Finish in February
By: Matt M. Johnson, Finance & Commerce
Published July 12, 2016

A new Eagan medical office building that will be home to a Summit Orthopedics location is on its way to completion by February at a price expected to exceed $20 million.

New Allina Health clinic breaks ground in Isanti
By: Mike Bleninger, Isanti County News
Published June 15, 2016

The dirt flies as the new Allina Health Isanti Clinic officially breaks ground in Isanti on June 9. After years of hard work, Allina Health and the city of Isanti have broken ground for a new clinic.

New Medical Clinic Planned for River Falls
By: River Falls Journal
Published May 13, 2016
Allina Health has announced it has approved plans to construct a 13,500 square foot medical clinic in River Falls. The clinic will be located on land owned by Allina Health adjacent to the existing River Falls Area Hospital. It will provide space for primary care and specialty providers.

Eagan-Summit-Orthopedics-01-14-16Summit Orthopedics plans Eagan surgery and treatment center
By: Finance and Commerce
Published November 3, 2015
Less than two years after opening a new orthopedic care facility in Vadnais Heights, Woodbury-based Summit Orthopedics plans to break ground this spring on a 65,000-square-foot surgery and treatment center in Eagan.


Summit Orthopedics plans merger with Institute for Low Back and Neck Care
By: Minneapolis St. Paul Business Journal
Published November 3, 2015
Summit Orthopedics and ILBNC plan to combine their practices in January and open a newly built center in Eagan.

People on the Move
By: Minneapolis St. Paul Business Journal
Published July 20, 2015
Our VP of Acquisitions and Asset Management is featured in the “People on the Move” section of the newsletter.

MSP Employees Featured in BOMA May Newsletter
By: St. Paul BOMA
Published: May 2015
MSP Commercial President Alex Young is featured as a panelist in a Continuing Education Meeting on May 11th, and the Senior VP of Property Management Rick Hanson is highlighted for recieving this year’s Chair Award for his committment and involvement with St. Paul BOMA.

MSPBJ Top 25 Developers List
MSP made the Minneapolis/St. Paul Business Journal’s Top 25 Real Estate Developers list again in 2014! This is our 11th time to be honored with this accomplishment. Our ‘Honor Wall’ makes us proud!

Wall of Plaques

BOMA Member Spotlight: Rick Hanson
By: St. Paul BOMA
Published: January 2015
MSP Commercial’s VP of Property Management Richard Hanson was elected to be featured in the St. Paul BOMA Member Spotlight Article for their January 2015 Issue. Simply turn to page 6 to view the article.

Finance & Commerce names Top Projects of 2012
By Finance and Commerce
Published:  May 29, 2013
The massive renovation of the Union Depot in St. Paul and the striking new Lowry Avenue Bridge in Minneapolis are among the high dollar public construction projects named to Finance & Commerce’s Top Projects of 2012.

Just Sold: Arcade Street – Vadnais Heights
By: Finance and Commerce
Published:  May 1, 2013;
Eagan based MSP Commercial is set to break ground Wednesday on a $20 million, 68,000-square-foot clinic on 7.3 acres between Arcade street and Interstate 35E in Vadnais Heights.



MSP made the Top 25 List of Real Estate Developers in the Minneapolis-St. Paul Metro Area!  Congratulations!
Awarded by Minneapolis/St. Paul Business Journal; February 15, 2013


How will health care reform affect commercial real estate?
By Dan Emerson, Finance & Commerce
Published:  December 18, 2012
As health care reform takes hold, investors and experts look at the horizon.

Top Commercial Transactions: Woodbury office building a low price, but a lot of work
By Anne Bretts, Finance & Commerce
Published:  May 30, 2012
Buying a bank-owned property for a low price doesn’t always mean the buyer is getting a bargain.

Developers land low rates for construction loans
by Mark Anderson
Published: Finance and Commerce, March 29th, 2012
Plymouth-based developer Dominium was a beneficiary of low loan rates for its redevelopment of the Buzza Building in Minneapolis. Its $15.4 million variable rate loan is currently priced at just over 3 percent.

Wasn’t this health clinic a bookstore a while ago?
As retailers move out, Twin Cities health care providers are moving in
By Christopher Snowbeck, csnowbeck@pioneerpress.com
Published:  November 18, 2011
For years, retailers have been staking claims to small pieces of the health care landscape with in-store clinics that treat minor ailments.

VA picks Maplewood site for new clinic
MSP Commercial lands contract for $5.5M facility
Published:  November 5, 2011
As it prepares to cut the ribbon on its new clinic in Ramsey, the Minneapolis VA health Care System is taking steps toward building another community-based outpatient clinic on the east side of the metro area.

HealthEast clinic taking Borders space in St. Paul
by Burl Gilyard
Published: October 31st, 2011
The vacant former Borders book store in the Midway area of St. Paul has found an unlikely new tenant: A HealthEast clinic will open next spring in the two-story space.

Ex-Borders stores don’t wait long for tenants
Published:  October 28th, 2011
Borders Group Inc. foundered ear­lier this year as online rivals cut de­mand for its book-selling business. But apparently there’s still plenty of demand for the company’s real estate. Three of the seven Twin Cities Borders bookstores that closed soon will turn a new page. The St. Paul store will be converted into a HealthEast clinic, the Roseville location will be­come a Becker Furniture store and part of the Minnetonka store will be filled by a Destination XL big-and-tall men’s clothing store.

$8M+ medical office building to break ground in Blaine soon
MSP Commercial will break ground next month on a 33,000-square-foot medical office building in Blaine that’s 87 percent leased.

MSP starts construction on Roseville office building
Minnesota Real Estate Journal, 2007
Class A Snelling Avenue facility marketed to medical tenants
Construction is under way on a new, 36,000 square foot, high-end office building in Roseville near the Rosedale shopping center, one that’s being targeted to medical, dental and other tenants looking for Class A amenities and a close-in East Metro location.

34,000-SF medical office building to go up in Blaine
Health care continues to be an oasis in the desert that is Minnesota’s commercial real estate development sector.
The latest example: MSP Commercial announced Tuesday that it is about to break ground on a 34,000-square-foot medical office building in Blaine; the building is already 87 percent leased by two health care enterprises – Minnesota Eye Consultants and the Noran Neurological Clinic.

Eagan Place Awarded LEED Silver
Eagan Place, the medical office building at 1215 Town Centre Drive in Eagan, Minnesota, was awarded LEED Silver Certification by the U.S. Green Building Council (USGBC).

MSP Receives 2008 Deubener Award
MSP Commercial was recognized by the St. Paul Chamber of Commerce as the “Best Emerging Business” in the 2008 Deubener Awards. Congratulations, MSP!