KBS Names CBRE Exclusive Leasing Agent and Property Manager of Marquette Plaza in Downtown Minneapolis
02 3月 2018
CBRE announced today it has been selected to serve as the exclusive leasing agent and property manager of Marquette Plaza, the 523,000-square-foot office tower in downtown Minneapolis. The property was recently acquired by KBS, which plans a renovation to modernize and add amenities at the 15-story building.
Known today as Marquette Plaza, the property is instantly recognizable from its arch-shaped façade overlooking Cancer Survivors Park and Nicollet Mall. The modernist building designed by Gunnar Birkerts was completed in 1973 for the Federal Reserve Bank with an addition in 2002 that nearly doubled its size.
“KBS was drawn to Marquette Plaza because of its ideal location along the newly renovated Nicollet Mall in downtown Minneapolis, connecting the North Loop and the Central Business District,” said Shep Wainwright, Senior Vice President, KBS Capital Advisors. “We are excited to invest in improvements that will usher in the next era at Marquette Plaza and build on the momentum we’re seeing in the surrounding neighborhood.”
Mark McCary, Larissa Champeau, Ann Rinde and Paddy Clancy in CBRE’s Minneapolis will market the building for lease. CBRE Asset Services, led by Dan O’Neill, will oversee day-to-day management of the property.
Improvements at Marquette Plaza will blend the building’s unique architecture and the vast greenspace with modern workplace trends. The building offers larger than average floor plates at 37,000 square feet, ideal for tenants seeking open, full floor offices.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.