Cushman & Wakefield/northmarq Accepting Bids on Historic Archdiocese of Saint Paul and Minneapolis Property until December 21

PRNewswire
November 20, 2015

http://www.prnewswire.com/news-releases/cushman--wakefieldnorthmarq-accepting-bids-on-historic-archdiocese-of-saint-paul-and-minneapolis-property-until-december-21-300182672.html

The Cushman & Wakefield/NorthMarq (www.cushwakenm.com) Advisory Services Group of Paul Donovan, Jaclyn May and Jeremy Striffler is accepting bids through December 21 on the Hayden Center, a three-story, 63,000 sq. ft. former school at 328 Kellogg Boulevard West in St. Paul.

Cushman & Wakefield/NorthMarq has negotiated an agreement to sell the property, owned by the Archdiocese of Saint Paul & Minneapolis, for $4.5 million to the Minnesota Historical Society. That agreement is subject to approval by the U.S. Bankruptcy Court, and the team will accept bids from other interested parties through the Dec. 21 deadline.

[erested parties should contact Jeremy Striffler at 612-305-2108. Property information can be found at http:]

Cushman & Wakefield/NorthMarq continues to list three other properties for the Archdiocese, including:

The Chancery – Located at 226 and 230 Summit Avenue, the Chancery is a two-building, approximately 44,000 sq. ft. complex and was built in 1961. 226 Summit is a three-story office building with 230 Summit as an attached two-story structure that serves as the residence of the Archbishop. The Chancery has undergone numerous capital improvements since 2004 and sits on 3.38 acres of land. Together or separately 226 and 230 present re-purposing opportunities into office or residential as well as a complete ground up housing development.

224 Dayton – Currently housing the publishing offices of The Catholic Spirit, the official publication of the Archdiocese, this three-story structure built in the Renaissance Revival Style is located in the National Register of Historic Places, Historic Hill District and the local St. Paul Heritage Hill Preservation District. Its 18,301 sq. ft. formerly served as the chancery for the Archdiocese prior to the construction of the 226 Summit Chancery building.

250 Dayton – A vacant lot of 0.0789 acres, 250 Dayton is zoned as a RM2 medium-density multi-family residential district.

About Cushman & Wakefield/NorthMarq

Cushman & Wakefield/NorthMarq operates the Minnesota business of Cushman & Wakefield, a leading global real estate services firm that helps clients transform the way people work, shop, and live. As the Twin Cities market-leading commercial real estate firm and a Star Tribune "Top Workplace," the company manages more than 42 million sq. ft. of retail, industrial and office assets, completes more than $1 billion in transactions annually, employs nearly 500 professionals and offers innovative solutions to its occupier and investor clients within the Minneapolis/St. Paul region and around the world. A recognized leader in real estate research, the firm publishes a broad array of proprietary reports available at www.cushwakenm.com.