LANDMARK OFFICE TOWERRare Opportunity in Downtown Minneapolis

For Sale

LANDMARK OFFICE TOWER

Property Address:

Property ID: 34

Minneapolis, Minnesota, United States

Description:

Marquette Plaza represents a rare opportunity to own an iconic, architectural landmark defined by its unique “catenary” arch design located in the downtown Central Business District of Minneapolis, Minnesota. Formerly known as the home of the Federal Reserve Bank of Minneapolis, this Class A, 522,656 square foot office building boasts credit tenancy, state-of-the-art infrastructure, 36,000 square foot open floor plans, column-free design, skyway connection and a 1.5 acre landscaped public plaza located on the west side of the building. It is also located in a “transit-oriented” location with direct access to light rail transit. This system offers service to 17 stations connecting downtown to the Minneapolis- St. Paul International Airport and the famed Mall of America.

Features

Specifications

Square Feet 522,656
Year Built 1972, completely renovated 2002
Building Height 15 Stories

Key Tenancy Details:

Tenant Lease Term Net Rental Income
p.a. Excl.GST
Xcel Energy 6/30/2016 with 3, five year lease renewals 28%
US General Services Administration Expiration between 2013 - 2019 18%

For further details contact:

  • Mark Kolsrud
  • Colliers Turley Martin Tucker - Minneapolis
  • +612 347 9373
  • +612 669 7099
  • Paul Collins
  • Cassidy & Pinkard Colliers
  • +202 463 1105
  • +202 669 2805

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