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Since Summer 2024, Element has been engaged as the leasing partner for Ivy League Place, a historic brick-and-timber office building in St. Paul, working alongside local professional ownership and AJ Dagny Company as property management. From the beginning, our role focused on positioning the building for long-term success by aligning leasing strategy, market positioning, and targeted capital improvements.
Following a thorough analysis of the property, Element identified opportunities to enhance the tenant experience while attracting a new wave of businesses seeking character-rich, move-in-ready office space. In close collaboration with ownership and the management team, we helped guide strategic upgrades, including refreshed hallways and elevator lobbies, updated restrooms, a welcoming main lobby, and added amenities such as vending, each designed to elevate daily tenant experience and strengthen the building’s competitive edge.
Element’s leasing strategy emphasized Ivy League Place’s inherent strengths: warm architectural character, abundant natural light, flexible suite sizes, existing IT infrastructure, and a central location with easy access to I-94. By pairing these attributes with thoughtful improvements and clear market positioning, we worked to broaden the building’s appeal to a diverse mix of users, including professional services, nonprofits, tech firms, healthcare providers, and creative businesses.
This approach has resulted in strong leasing momentum, including 15,641 SF of existing tenant renewals and relocations, reinforcing long-term tenant retention while adapting space to evolving needs. In addition, Element has secured five new tenants totaling 8,622 SF, bringing fresh energy and new users to the building. Leasing activity continues, with the team currently advancing an additional ~9,000 SF of expansion opportunities, signaling sustained demand and confidence in the property’s direction.
Throughout the process, Element has served as a trusted advisor to ownership, providing ongoing guidance informed by market trends, tenant demand, and leasing activity. The result is a revitalized property that honors its historic character while supporting modern workplace needs, positioning Ivy League Place as a compelling option for growing businesses in a connected, evolving corridor of St. Paul.
Learn more about leasing opportunities at Ivy League Place:
https://www.elementmn.com/listing/ivy-league-place
