April 30, 2014 – Carlson Real Estate Company is entering into a partnering arrangement with Welsh and Colliers International | Minneapolis-St. Paul for the operations of Carlson’s 2.4 million-square-foot real estate portfolio in the Twin Cities.

Carlson will continue to be the manager of the properties, providing management oversight and direction, portfolio accounting and financial projections. Property-level functions will be transitioned to Colliers, including building engineering, property level accounting, tenant service and property operations.  Colliers will hire several of Carlson’s existing employees.

Matt Van Slooten, president of Carlson Real Estate, stated “This arrangement with Colliers will provide enhanced career opportunities for our building operations team and ensure seamless service to our tenants.”

“We are excited for this partnership with Carlson, and look forward to continuing their legacy of excellence,” adds Jean Kane, CEO of Welsh and Colliers International |Minneapolis-St. Paul. “Our combined expertise in the marketplace will help maintain Carlson’s high standards of excellence, and the people joining Colliers will be great additions to our organization.”

Carlson has recently sold several properties and now manages a portfolio that is about half its peak size.  Colliers manages over 20 million square feet in the Twin Cities market.

Carlson Real Estate Company is an affiliate of Carlson, a global, family-owned hospitality and travel company providing services directly to consumers, corporations and government entities.  Carlson Real Estate Company is dedicated to developing long-term client relationships by operating with caring and integrity and providing innovative and accommodating solutions.  Its portfolio of office, flex/industrial space and land holdings concentrated in Minnesota, Arizona, and North Carolina exceed 3.5 million combined square feet.

About Welsh and Colliers International | Minneapolis-St. Paul
Welsh is a full-service commercial real estate company headquartered in the Twin Cities, with more than 300 professionals whose expertise extends into every aspect of commercial real estate including brokerage, corporate solutions, real estate management, facility management, construction, architecture, development, and financing. Welsh has partnered with Colliers International for its brokerage and property management divisions. Colliers International is a global leader in commercial real estate services, with over 13,500 professionals operating out of more than 482 offices in 62 countries.

For the latest news from Welsh and Colliers International, visit www.welshco.com or www.colliers.com/msp, or follow us on Twitter: @WelshCo @ColliersMSP @ColliersIntl