2950 Lexington Ave - Parking Management Plan Eagan Sports ComplexCOMMERCIAL REAL ESTATE SERVICES
August 3, 2010
Mr. Erik Slettedahl
Community Development /GIS Specialist
CITY OF EAGAN
3830 Pilot Knob Road
Eagan, MN 55122
Dear Mr. Slettedahl,
AUG TD)ECE \V7R
y 2010
Via Email/U.S. Mail
CBRE
CB RICHARD ELLIS
Re: Parking Management Plan/ Eagan Sports Complex aka MN Select / Lexington
Business Center / 2950 Lexington Avenue, Eagan, MN 55121
As a follow -up to our conversation on July 30, 2010, I would like to present the following
parking management plan and an explanation as to why the Landlord believes that the
existing parking is adequate for the above tenant's use at the Lexington Business Center
at 2950 Lexington Avenue. For reference purposes, I have attached a building site plan
and tenant's permit plan.
I would like to comment on the tenant's permit plan. The permit plan has represented
that there are 355 total stalls that are available for parking. Of these 355 stalls, 125 are
being designated to other existing tenants, which is leaving 230 stalls available. The plan
goes on to explain that of the remaining 230 stalls, 194 will be needed, which will leave
36 as overflow. It is in the Landlords opinion, that the stated parking stalls available for
the Tenant's use is greater than what is being represented in the permit plan.
The enclosed building site plan represents that there are 345 stalls available. The 10 stall
difference in the Landlord and Tenant's plans are primarily due to different architects and
the measurements being used on their CAD drawings. For argument purposes, we will be
conservative and use the Landlord's plan representing 345 stalls. Of these stalls, the
following are encumbered by tenant's rights:
Minneapolis Select Reserved Right - 52 Parking Stalls
Florstar Sales Reserved Right - 46 Parking and Trailer Stalls
8000 W. 78t Street,
Suite 190
Edina, MN 55439
952.835.1800 Tel
952.835.1888 Fax
www.cbre.com
Mr. Erik Slettedahl
August 3, 2010
Page 2
Hitchcock Industries Reserved Right - 0 Parking and 0 Trailer Stalls
Packnet Reserved Right - 0 Parking and 0 Trailer Stalls
Spotlight Dance Studio Reserved Right - 0 Parking and 0 Trailer Stalls
Other than the 98 stalls presently reserved for exclusive use, the remaining 247 stalls are
available to all tenants on an unreserved, first -come, first serve basis. Minneapolis Select
has the right to park in a total of 299 (52 reserved plus 247 unreserved) stalls, which is
105 parking stalls greater than their required parking as stated on the permit plan.
As a matter of due diligence, the Landlord has also contacted all of the existing tenants
concerning Minneapolis Selects use and hours of operation. As stated to the City of
Eagan, Minneapolis Selects hours of operations are primarily in the evenings and on the
weekends. Florstar Sales, Hitchcock Industries and Packnet's business hours are from
7:00 a.m. through 5:00 p.m. Monday — Friday. On a sporadic basis, Packnet and
Hitchcock Industries stated that a trailer or two may need to be taken out or moved in on
a given weekend, but that this was not the normal course of business. From the
Landlord's initial conversations with Florstar Sales, we have found that Florstar is
shutting down their operations at the Lexington facility and pulling out of the market due
to a downturn in sales. This will increase the number of unreserved spaces to 293. The
only tenant utilizing parking over the evening and weekends is Spotlight Dance Studio.
They have stated that on a routine basis, they typically utilize approx. 20 parking stalls
along the West side of the building.
Taking into consideration that Minneapolis Selects business hours are in the evenings and
on the weekends, that Hitchcock Industries and Packnet's business hours are M — F from
7:00 a.m. to 5:00 p.m., that Florstar Sales is vacating the building, that there will be 293
unreserved parking stalls, that Minneapolis Select has rights to an additional 52 parking
stalls, and that Minneapolis Select is requiring a total of 194 parking stalls, it is the
Landlord's opinion that there is sufficient on -site parking to accommodate Minneapolis
Select's use, and to satisfy the parking needs of all the tenants of 2950 Lexington.
If you have any questions, please contact me at 952.835.1800.
Sincerely,
John Boich
Senior Real Estate Manager
C: aaDataI DBAUS12950LexingtonlLeasingMinneapol is Sel ectlCorrespondence10001CityofEagan2950Lex .doc
CB RICHARD ELLIS, INC
CBRE
CB RICHARD ELLIS
The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and
completeness. Any projections. opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be
evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.
N N N N V)
06 N N f6 CO
CO CO CD N
N 1) M N C
N
. 0)
c
co
a
Fa
0
L
N_
W 0
�- Z
Z
W Z
0
U) ( < 9 (
w
W <
Zw
�z
m>
X
0
H I-
Z x —
Xw
W
J cp
0,
N
BUILDING CODE ANALYSIS
1003 °mow. tvx0110+0300 900t msn 3003
tioSInti3 ItILS .03 0331.334
0133100.,/ 0,950 t133.1.11138,
rtostmxt0 lAvrtt3
. 00t 001001011056., 01010001
51060 013010110133103d
x3,0•403 °Mit :133tOad
-
01,101 , t0)14011,11.35
5508,0 nte t otere
1001 M.
rt'scot 31310) 0,01111V01330
(01 t 5531193 AO 51073W
0 - mot - tit
0 700,1,0110mm I smt, mom, I 0000,mtantas I
009 00 V0 331.1,1513013,11
t 00 t0
“oursteas oteine0 00 0 .0. 0 ”01
01 NOittlat0135 V3titl
0. A
II 11 1 1
=
sttoutnnsto vanttnernitn0i
N \
U�||||||||||U||||N�Li�4||||U|||U|TD
11.11111111111111111111111111111111111111111f1
EMI
MU
rill
EMI
MO
N
or
M
xX
z Z
G7
�-1
m z
x>
W Z
-1 mZ
mm
O (/)
> 0
m
Z
- • Z !
m
Cri
N
■ i
r
r r p
A n m
ITI N i
SL g 0
C �
oT
a
i co
2
._. .... . ............ J