Heavy Pre-Leasing for 3-Building Office Complex

WAYZATA, MN-Welsh Cos. says it began building a three-building, 104,000-sf office complex here called Wayzata Office Park, and two of the buildings have already been spoken for. The Bloomington-based developer says Wealth Enhancement Group has signed a lease for a three-story, 39,200-sf building at 1905 E. Wayzata Blvd., and Scott W. Baker Associates, a consumer design firm, has signed a lease for a two-story, 21,800-sf building at 1903 E. Wayzata Blvd.

Both companies are expected to occupy their new buildings by late this fall. The third and largest building is a three-story, 43,000-sf building available for multi-tenant or single users, and is located at 1805 E. Wayzata Blvd. The net rent for space is $17.50 per sf, and it is expected to be ready for occupancy by February 2002.

“There are very few new office developments in or near downtown Wayzata and that makes Wayzata Executive Park … unique,” says Bryan Beltrand, a vice president at Welsh.