Meridian Crossings is
a 400,000-square-foot, Class-A office project that was completed
in 1999. The $58-million project
was developed on a 10-acre parcel of land at the intersection
of Interstate 494 and 35W in Richfield, Minnesota. The project
features two eight-story office buildings, 1,800 structured
parking stalls, underground executive parking, a full-service
cafeteria, convenience store, and conference and training facilities.
Meridian Crossings commenced construction in the spring of
1997 on a speculative basis. The first phase was completed
in the spring of 1998 and was 100% leased, with GMAC/Residential
Funding Corporation as the anchor tenant.
Two Meridian Crossings
commenced construction in the spring of 1998 and was completed
in the spring of 1999. This building
is 100% leased to major tenants, such as Softbrands, AXA
Advisors, IDEXX Laboratories, and BDO Seidman.