Carlson and Colliers International Announce Partnering in Managing Carlson’s Real Estate Portfolio
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.