Keewaydin has provided real estate advisory service for headquarters-related real
estate decisions for over 15 years. We recently completed a strategic facility
planning process for 1.3 million square feet of downtown headquarters office
space, and a strategic real estate decisions project for Target's Northern
Operations facilities comprising 150,000 square feet and incorporating approximately
650 employees.
For the downtown headquarters, Keewaydin developed
an overall strategic plan which led to a revision in Target's thinking about
the value of owning as opposed to leasing headquarters real estate. The
acquisition of a site large enough to accommodate a future "downtown campus"
and the construction of Target's new headquarters facility at 1000 Nicollet Mall
in downtown Minneapolis were outcomes of the strategy developed. The proposed
strategy and the resulting recommendations led to a savings in the tens
of millions of dollars over other, seemingly more obvious, alternatives.
Keewaydin also assisted with the strategic real estate decisions project
involving the question of consolidation of multiple operations facilities.
The recommendation led to the creation of a new state of the art operations
campus in the high growth northern suburb of Minneapolis to ensure long term
access to labor and flexibility for future consolidation and expansion.
Keewaydin
also represented Target with respect to their need for additional
office space in downtown Minneapolis.
"We awarded Keewaydin our Vendor Award of Excellence because they have consistently delivered a high value to Target Stores. We have relied on them for the last 15 years for the location and negotiation of all of our office real estate needs." Robb Gruman, (formerly) Director of Administration, Target Corporation
"Peter Kitchak is one of the brightest minds I have met in 20 years in the real estate business." John Griffith, SVP Property Development, Target Corporation
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