Just Listed brings you the latest news and information from the Twin Cities-area commercial and residential real estate market and beyond from veteran reporters Jim Buchta and Kristen Leigh Painter.

Young America to sell or lease HQ

Posted by: Janet Moore Updated: June 12, 2013 - 2:52 PM

The Minneapolis office of CBRE Group Inc.says it has been hired to review the space needs and options for Young America LLC, the marketing and fulfillment firm in Norwood Young America. That could mean the sale or lease of the firm's corporate headquarters in Norwood Young America.

The 166,000-square-foot office and warehouse complex, which has been the firm's home for more than 40 years, is located off Hwy 212. Young America would consider an outright sale, or a lease, of the headquarters. Young America's marketing and IT division, currently located in Edina, may be combined into a new headquarters operation, as well

The company said its real-estate footprint needs have "changed dramatically. . . .We simply don’t need large-scale warehouse space in today’s market,” said, President Joe Custer.

Janet Moore covers commercial real estate for the Star Tribune.

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