MINNEAPOLIS - (Oct. 13, 2016) – Frauenshuh Commercial Real Estate Group (Frauenshuh) and CenterPoint Energy are pleased to announce they have received the National Association of Industrial and Office Properties (NAIOP) Award of Excellence in the light Industrial – low finish category.
The award recognizes Frauenshuh’s project coordination and pre-development services of the CenterPoint Energy office located in Golden Valley. Frauenshuh facilitated a dramatic change to the site owned by CenterPoint Energy for over 60 years, which boasts visibility in a centralized, first-tier suburban location. The 64,000-square-foot facility at 6161 Golden Valley Road opened in June 2016.
“CenterPoint Energy is proud to have coordinated with Frauenshuh on the new building and to have received the NAIOP award for our work in Golden Valley,” said Michael Jenson, facilities manager at CenterPoint Energy. “It is exciting to see that our plans for the industrial facility renovations and construction are being recognized as an excellent success.”
The expansion and repositioning of this property has allowed CenterPoint Energy to co-locate major regional operations at one site for offices, warehouse, Home Service Plus (HSP), the state's largest provider of major appliance maintenance and repair services, as well as replacement heating and cooling equipment, lab testing, natural gas pipe yard and peak shaving operations. The finished office space also includes a HSP sales call center, collaborative meeting spaces, Gas Operations management
offices and administrative space. A striking contemporary reception area features a natural gas fireplace showroom for customers who, by appointment, are able to view and test various types of fireplaces; a one-of-a-kind offering in the Twin Cities Metro.
“Our strategy for the expansion was to first, provide working environments for our employees that are comfortable, flexible, safe and efficient, “ added Dave Long, facilities construction project manager for CenterPoint Energy. “And second, use this opportunity to minimize operating costs. The crowning achievement was in meeting both goals with one successful project.”
“Winning a NAIOP Award of Excellence is an honor and I am proud of the work executed by the Frauenshuh team. This new centralized regional operations facility brings a renewed, energized presence in what the city has now termed ‘The Gateway to Golden Valley,’” said Shannon Reilly, Frauenshuh senior vice president. “The success of this project hinged on our collaborative team approach and the creative solutions brought to the table from years of experience,” added Ross Hedlund, Frauenshuh vice president.
“This project was a great example of excellent teamwork and execution to meet an aggressive schedule and budget. The results were outstanding,” said David Anderson, Frauenshuh senior vice president.
NAIOP, the Commercial Real Estate Development Association, Awards of Excellence program recognizes exceptional developments by NAIOP members. Winners of the awards are selected by a panel of independent judges. Judges are required to tour the nominated projects and rate them based on the criteria including; site development, architectural integrity, interior design, integration into the community, market feasibility, unique challenges and LEED certification.
“The NAIOP Minnesota Awards of Excellence recognize exceptional commercial real estate projects that benefit Minnesota business. The criteria encompass integral elements including feasibility, design, architecture, sustainability and integration into the community. The judges recognized Frauenshuh’s CenterPoint Energy Regional Operations Facility as an extraordinary project in representing an important Minnesota business,” said Tony LeClerc, executive director of NAIOP Minnesota.
CenterPoint Energy now has the ability to house 70 additional employees and operate a number of their required regional functions out of the Golden Valley facility. The development blends the need for an industrial gas-utility use with the community pedestrian connections to the adjacent Luce Line trail and neighborhoods. This also allows for a future roundabout and Douglas Drive construction project to be completed utilizing land on the northwest corner of the site owned by CenterPoint Energy.
About Frauenshuh Commercial Real Estate Group
A leading commercial real estate firm with over 30 years of experience, Frauenshuh Commercial Real Estate Group provides full service solutions to its clients by utilizing in-depth market knowledge and innovative market-leading tools. From its beginnings as a property management company in 1983 Frauenshuh quickly grew into a full-service real estate firm, with services covering a broad range of real estate needs, including leasing and brokerage, tenant representation, development, project administration and property and asset management. For more information, please visit www.frauenshuhcommercial.com
About CenterPoint Energy
CenterPoint Energy, Inc., headquartered in Houston, Texas, is a domestic energy delivery company that includes electric transmission & distribution, natural gas distribution and energy services operations. The company serves more than five million metered customers primarily in Arkansas, Louisiana, Minnesota, Mississippi, Oklahoma, and Texas. The company also owns
a 55.4 percent limited partner interest in Enable Midstream Partners, a publicly traded master limited partnership it jointly controls with OGE Energy Corp., which owns, operates and develops natural gas and crude oil infrastructure assets. With more than 7,400 employees, CenterPoint Energy and its predecessor companies have been in business for more than 140 years. For more information, visit the website at www.CenterPointEnergy.com.