Alula leases first floor of CSM’s Midway Innovation Center I
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January 9, 2019, Katelyn Childs
MINNEAPOLIS – Alula, the leader in smart security systems for dealers, has leased 68,000 square-feet at CSM Corporation’s Midway Innovation Center I in St. Paul. Alula will move from their current headquarters and production center in Hudson, WI to St. Paul.
Midway Innovation Center is located at the intersection of Highway 280 and Energy Park Drive.
The previous tenant was McAfee who vacated the building in May 2018.
“The Midway Innovation Center in St. Paul will allow Alula to expand operations by providing us an excellent business environment and access to a talented and skilled workforce,” explained Brian McLaughlin, CEO of Alula. “The Twin Cities market has proven to be a dynamic place to scale a tech company. We look forward to growing here.”
“Midway Innovation Center’s modern design and location makes it an optimal corporate headquarters,” says Bruce Carland, Director – Commercial Leasing at CSM. “We are excited to welcome Alula to the Twin Cities.”
CSM Corporation was represented by Eric Rapp, Eric Batiza and Brian Bruggeman of Colliers International.
“Thanks to the strategic vision of CSM and the market knowledge of the Colliers MSP teams, the remodel and reposition of Midway Innovation Center was successful in securing a great long-term tenant,” says Eric Rapp, Senior Vice President at Colliers. “The Alula lease is a true testament to the partnership involved in bringing to market this well-located asset.”
Alula was represented by Eddie Rymer, Phil Kluesner and Jack Storry of Avison Young.
“Midway Innovation Center’s proximity to universities, restaurants and public transit positions Alula to attract great talent,” says Eddie Rymer, Senior Vice President at Avison Young. “I am excited to see the Alula team grow and succeed at their new headquarters.”
CSM Corporation develops, owns and manages office, industrial, retail, hotel and residential real estate nationwide. CSM’s current portfolio includes more than 10.3 million square feet of commercial space, 6,600 hotel rooms, and 2,600 residential units across 14 states. The Commercial Division’s unique approach to design and development results in construction that is well-built, easily maintained and flexible for future use. The company’s in-house resources for architecture, construction, legal, finance, leasing, sales and management provide unparalleled expertise and responsive solutions for clients. The Commercial Division’s many prestigious industry awards are a testament to CSM’s ability to prosper in all market conditions and serve as a caring steward of both its holdings and the communities in which they reside. For more information on CSM Corporation visit http://csmcorp.net/.
Alula is the only security platform that delivers simplified security for independent security dealers and installers, and the customers who rely on their services and expertise. Today, thousands of dealers across North America have nearly 300,000 active locations secured and connected with Alula. Designed for security professionals, the Alula platform provides a complete security, alarm, video and automation solution for renters, homeowners and commercial installations. Alula is a business-driven security platform designed to reduce truck rolls, increase RMR, simplify inventory and put dealers in control of their business, their customers and their revenue. The Alula platform is available nationwide through distributors that cater to the alarm and integrator industry. http://www.alula.com.
Colliers International Group Inc.
Colliers International Group Inc. (NASDAQ: CIGI) (TSX: CIGI) is a top tier global real estate services and investment management company operating in 69 countries with a workforce of more than 13,000 professionals. Colliers is the fastest-growing publicly-listed global real estate services and investment management company, with 2017 corporate revenues of $2.3 billion ($2.7 billion including affiliates). With an enterprising culture and significant employee ownership and control, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide, and through its investment management services platform, has more than $25 billion of assets under management from the world’s most respected institutional real estate investors. For the latest news from Colliers, visit Colliers.com or follow us on Twitter: @Colliers and LinkedIn.
Avison Young is the world’s fastest-growing commercial real estate services firm. Headquartered in Toronto, Canada, Avison Young is a collaborative, global firm owned and operated by its principals. Founded in 1978, the company comprises 2,600 real estate professionals in 84 offices, providing value-added, client-centric investment sales, leasing, advisory, management, financing and mortgage placement services to owners and occupiers of office, retail, industrial, multifamily and hospitality properties
For more information:
Laura Cruz, TenorPR for Alula
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