{"id":1004635308,"date":"2022-12-15T03:15:33","date_gmt":"2022-12-15T11:15:33","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004635308"},"modified":"2022-12-15T06:13:49","modified_gmt":"2022-12-15T14:13:49","slug":"hines-jv-lands-anchor-tenant-at-minneapolis-mixed-use-development","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hines-jv-lands-anchor-tenant-at-minneapolis-mixed-use-development\/","title":{"rendered":"Hines JV Lands Anchor Tenant at Minneapolis Mixed-Use Development"},"content":{"rendered":"
\"\"<\/a>

North Loop Green. Image courtesy of Hines.<\/p><\/div>\n

Piper Sandler & Co<\/strong>. has signed a 15-year lease for 113,000 square feet at North Loop Green, a mixed-use development currently under construction in Minneapolis.<\/p>\n

The investment banking firm will anchor the property and plans to relocate its headquarters to the North Loop District building in the summer of 2025. Braman & Associates<\/strong>\u2019s Tom Braman represented the tenant in the lease negotiations.<\/p>\n

Hines<\/strong>, alongside partners Marquee Development<\/strong> and AFL-CIO Building Investment Trust<\/strong>, broke ground on North Loop Green in 2021. ESG Architecture and Design<\/strong> is in charge of the project design, while Kraus Anderson<\/strong> is the general contractor. Completion is planned for spring 2024.<\/p>\n

The development is rising on a 3.4-acre site at 350 N. 4th St. and will encompass two buildings, connected via a skyway. The taller, 36-story residential building is slated to comprise 100 hospitality units and 350 apartments, while the other, 14-story structure will feature office and retail space. The property will also include a 1-acre green area that will host cultural, artistic and community-based events.<\/p>\n

Developing office space across the country<\/h2>\n

North Loop Green’s office portion will feature flexible workspaces, parking, terraces on every floor, optimized indoor air quality and a rooftop amenity terrace. A wellness center, a rooftop pool, locker rooms, three restaurants and a coworking lounge will also be available for tenant use.<\/p>\n

Recently, Hines moved forward on several other office projects that are in various stages of development across the country. Earlier this month, the company topped out One Madison Avenue<\/a>, a 1.4 million-square-foot office redevelopment in Manhattan\u2019s Midtown South neighborhood. In September, the firm entered the next construction phase of the expansion and preservation of South Station in Boston<\/a>. The project will create a 51-story, 680-foot mixed-use tower above the transportation hub.<\/p>\n

Back in May, Hines also topped out a 60-story, 1.2 million-square-foot office tower in Chicago<\/a>. Salesforce is the anchor tenant, to occupy 500,000 square feet at the downtown location.<\/p>\n","protected":false},"excerpt":{"rendered":"

An investment banking firm will occupy 113,000 square feet at the North Loop property.<\/p>\n","protected":false},"author":3014,"featured_media":1004635310,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21782,13,36076,21752,21742],"tags":[39060,48236,32797,37274],"class_list":["post-1004635308","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-development","category-midwest","category-minneapolis-st-paul","category-mixed-use","category-latest","tag-afl-cio-housing-investment-trust","tag-esg-architects","tag-hines","tag-kraus-anderson-construction-company"],"acf":[],"yoast_head":"\nHines JV Lands Anchor Tenant at Minneapolis Property - CPE<\/title>\n<meta name=\"description\" content=\"Piper Sandler & Co. has signed a 15-year lease for 113,000 square feet at a mixed-use development in downtown Minneapolis.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/hines-jv-lands-anchor-tenant-at-minneapolis-mixed-use-development\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hines JV Lands Anchor Tenant at Minneapolis Mixed-Use Development\" \/>\n<meta property=\"og:description\" content=\"Piper Sandler & Co. has signed a 15-year lease for 113,000 square feet at a mixed-use development in downtown Minneapolis.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/hines-jv-lands-anchor-tenant-at-minneapolis-mixed-use-development\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-15T11:15:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-15T14:13:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/12\/North-Loop-Green.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"768\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Diana Firtea\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hines-jv-lands-anchor-tenant-at-minneapolis-mixed-use-development\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/hines-jv-lands-anchor-tenant-at-minneapolis-mixed-use-development\/\",\"name\":\"Hines JV Lands Anchor Tenant at Minneapolis Property - CPE\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hines-jv-lands-anchor-tenant-at-minneapolis-mixed-use-development\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hines-jv-lands-anchor-tenant-at-minneapolis-mixed-use-development\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/12\/North-Loop-Green.jpg\",\"datePublished\":\"2022-12-15T11:15:33+00:00\",\"dateModified\":\"2022-12-15T14:13:49+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/a0c04b9de1387474e28c9ebdb0444e59\"},\"description\":\"Piper Sandler & Co. has signed a 15-year lease for 113,000 square feet at a mixed-use development in downtown Minneapolis.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hines-jv-lands-anchor-tenant-at-minneapolis-mixed-use-development\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/hines-jv-lands-anchor-tenant-at-minneapolis-mixed-use-development\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hines-jv-lands-anchor-tenant-at-minneapolis-mixed-use-development\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/12\/North-Loop-Green.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/12\/North-Loop-Green.jpg\",\"width\":1024,\"height\":768,\"caption\":\"North Loop Green. 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