By Ioana Neamt, Associate Editor
PwC will move in mid-2016 to the Plaza Seven office tower in downtown Minneapolis. The New York City-based global consulting firm will relocate 625 workers from its current home at 225 S. Sixth St. for 66,304 square feet at 45 S. Seventh St.
PwC signed a 12.5-year lease with City Center Realty Partners L.L.C. of San Francisco and Angelo, Gordon & Co., which announced the deal on Oct. 12. As a result of the transaction, Plaza Seven is nearly 100 percent leased.
PwC will occupy four and a half floors at the top of Plaza Seven. Naming rights with the deal, and PwC will rename the 36-story property in the next several months. JLL represented owner City Center Realty Partners in the lease deal, while Frauenshuh represented PwC.
CCRP acquired the 335,000-square-foot Class A office tower in the Nicollet Mall corridor two years ago, and undertook a multimillion dollar renovation that included upgrades to the elevator system and the skyway lobby. The building is home to tenants such as marketing firm Epsilon and Northland Securities, and incorporates a 315-space underground parking garage. Sitting atop the Radisson Blu Minneapolis Hotel, Plaza Seven is the city’s tallest mixed-use building.
“With a growing population of Millennials in Minneapolis, we were keen to create a collaborative work space filled with modern amenities, state-of-art technology and environmentally friendly attributes,” said Tom Montminy, PwC’s market managing partner, in a statement. “Minneapolis continues to be an important market for the firm. We have grown exponentially over the past five years and expect to continue to expand further.”
Image courtesy of Plaza Seven