New leasing assignment at one of the most recognizable office buildings in the Southwest metro.


— Colliers International MSP’s Mike Gelfman and Steve Shepherd secure leasing rights for Norman Pointe II —

January 5, 2017 – Minnetonka, MN – Mike Gelfman, Vice President with Colliers International MSP and Steve Shepherd, also Vice President with Colliers International MSP have been named as exclusive leasing agents for Norman Pointe II, one of the most recognizable Class A Office buildings in the Southwest Metro. Located at 5600 American Blvd. W. in Bloomington, the 322,000-square-foot office building was recently purchased by Boyd Watterson Asset Management.

Boyd Watterson Asset Management, an Ohio-based investment advisory firm, acquired Norman Pointe II in August 2016 from New York-based Gramercy Property Trust. Boyd Watterson felt the building needed to be repositioned and reintroduced to the market and brought in Colliers International’s office brokerage services group to help. This is Boyd Watterson’s first commercial real estate investment in Minnesota.

“Shepherd and Gelfman have extensive knowledge of the Twin Cities southwest office sub-market. Their solid property marketing platform and market expertise will bring a renewed energy to the leasing efforts at Norman Pointe II,” says Amanda Jacobson, Boyd Watterson Asset Management Vice President.

The 10-story Norman Pointe II office building features a five-story glass atrium lobby with an interior courtyard, an eight-story parking ramp with enclosed entrance, on-site café and daycare, building conference and training room, fitness center with locker rooms and showers, decorative ponds and walking paths and is LEED Certified and ENERGY STAR® rated.

The multi-tenant office building has a variety of vacancies available ranging from 1,000 – 22,000-square-feet and is positioned at the prime intersection of I-494 and Highway 100.

“Norman Pointe II is located in the heart of the southwest metro. It’s the perfect location for a company looking to attract talent from all over the Twin Cities metro area. The central location and building amenities are what office employees are looking for today,” says Mike Gelfman, Colliers International Vice President.