MV Eagan Ventures has selected commercial real estate advisor Newmark to lead the global marketing launch of Viking Lakes, a 3.25-million-square-foot master-planned real estate development in Eagan, MN.
Founded by Minnesota Vikings owners Zygi, Mark and Leonard Wilf, MV Eagan Ventures seeks to develop the 200-acre Viking Lakes community with corporate office, retail, hospitality, multi-family residential, a medical office building and sports medicine center. The project boasts open and public spaces, including trails, water/wetland preserves and other amenities to provide connectivity, all anchored by the Minnesota Vikings new 40-acre team headquarters and practice facility, the Twin Cities Orthopedics Performance Center. MV Eagan Ventures selected Newmark as the exclusive leasing representatives for Viking Lakes, led by the Minneapolis team of Senior Managing Director John McCarthy and Associate Director Jack Reipke, assisted by the firm’s East Coast Executive Vice President William Cohen.
“Our dramatic plans for the Viking Lakes community are to develop an international destination, which requires a dynamic promotional plan to share the vision globally,” said MV Egan Ventures project executive Don Becker. “The commitment of Newmark management and the network of professional marketing personnel was vital to our selection.”
MV Eagan Ventures purchased the vacant 200-acre parcel with the vision of attracting regional, national and international corporate users, tenants, residents, visitors and business partners to the Viking Lakes destination campus. Located along Interstate 494 in Eagan, the development is strategically located between Minneapolis and St. Paul and just a few minutes from both the Minneapolis-St. Paul International Airport and Mall of America, one of the most-visited tourist destinations in the world.
“With an anchor like the Vikings, whose brand and business is synonymous with ‘Best in Class,’ the world-class Viking Lakes development will certainly garner global attraction,” said John McCarthy, team lead for the Viking Lakes leasing and marketing team, which includes Newmark’s award-winning New York team and national leadership. “The Minnesota Vikings enterprise is a global brand, one that appeals to both local corporate pride and serves as a magnet for headquarter relocations. It is also exciting that a vast array of noteworthy and game-changing amenities will be unveiled for employee recruitment and retention.”
Development of the Viking Lakes project will occur in multiple phases with seven districts identified in the master plan. The Twin Cities Orthopedics Performance Center and TCO Stadium are currently under construction and scheduled to be completed, March 2018. Twin Cities Orthopedics is also constructing a 78,000-square-foot medical office building and a 55,000-square-foot mixed-use building that will house TCO’s Sports Medicine Center along with the Vikings Team Store.
Newmark is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, Newmark’s 14,100 professionals operate from more than 400 offices in established and emerging property markets on six continents.
With roots dating back to 1929, Newmark’s strong foundation makes it one of the most trusted names in commercial real estate. Newmark’s full-service platform comprises BGC’s real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.
Newmark is a part of BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP). BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit www.bgcpartners.com.