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Eric Rapp
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Title: Vice President
Specialties: Office
4350 Baker Road
Minneapolis/St. Paul, MN55343
Phone: 1-952-837-3060
Fax: 1-952-541-8060
Email:
Contact
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Background & Experience
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As a Vice President at NAI Welsh, Eric Rapp specializes in office leasing and sales. Eric’s disciplined approach to serving his clients and in-depth market knowledge have earned him a strong reputation with owners, tenants and the brokerage community.
Success Stories
In 2000, Galtier Plaza in Downtown St. Paul was struggling with a 44% occupancy rate; moreover, the tenant mix for the building included several low-end tenants on short term leases. Determined to reposition the 217,000 SF building, the owner committed several million dollars towards renovation and hired Eric to take over the leasing. Eric aggressively pursued new occupants for the Plaza, targeting technology and creative companies. Today, Galtier Plaza enjoys an 82% occupancy rate, a rate that is 6% higher than the overall Downtown St. Paul office market, and is known as the heart of the Lowertown neighborhood.
In recent years the Saint Paul United Way merged with the Minneapolis United Way to form the Greater Twin Cities United Way. Due to the merger and restructuring, the former St. Paul headquarters, a 53,000 SF downtown office building, went from being 100% owner - occupied to a multi-tenant building with over 20,000 SF vacant. The United Way hired Eric to help lease the superfluous space, but Eric demonstrated the advantages of selling the building and relocating the United Way to another downtown building. Eric secured a buyer for the building and helped relocate the St. Paul staff to another address. |