St. Paul Preparatory School is getting ready to move to Galtier Plaza in downtown St. Paul. It will be among the largest tenants in the 220,000-square-foot building, according to Chris Gliedman, a broker with CB Richard Ellis, which handles leasing for the property.
Tom Sweeney, Star Tribune
Prep school taking space at St. Paul's Galtier Plaza
- Article by: SUSAN FEYDER
- Star Tribune
- August 8, 2008 - 9:15 AM
Nacel International School, which recently changed its name to St. Paul Preparatory School, is getting ready to move.
The five-year-old private high school will relocate in August to Galtier Plaza in downtown St. Paul. The school, which has more than 130 students and 35 faculty and staff members, will move out of facilities on the Hamline University campus.
The move will boost Galtier's occupancy from around 62 percent to 72 percent, according to Chris Gliedman, a broker with the Twin Cities office of CB Richard Ellis, which handles leasing for the property.
That compares with an average occupancy rate for downtown St. Paul of about 78 percent, according to recent research by the Twin Cities office of Collier Turley Martin Tucker.
Gliedman said the new school will be among the largest tenants in the 220,000-square-foot office and retail complex. Others include the Springsted law firm and several government agencies.
The school is part of Nacel Open Door, a nonprofit international student exchange organization that serves 35 countries.
In addition to the St. Paul school, Nacel also has schools of its own in South Korea and China, plus a program it operates cooperatively with a school in Poland.
NAPA takes St. Paul space
Genuine Parts Co., the Atlanta-based parent company of NAPA Auto Parts, has leased 24,569 square feet of warehouse and showroom space at 2550 Kasota Av. in St. Paul.
NAPA's lease amounts to about half the space in the industrial building, according to Todd Johnson, president of Main & Main Real Estate Inc. of Golden Valley, which represented NAPA in the lease negotiations.
NAPA plans to make the St. Paul facilities a first-in-the-nation prototype that will combine NAPA's automotive parts with a recently acquired sales and distribution business for heavy-duty parts.
Susan Feyder • 612-673-1723
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