{"id":1004677700,"date":"2023-08-28T04:13:55","date_gmt":"2023-08-28T12:13:55","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004677700"},"modified":"2023-08-28T04:13:56","modified_gmt":"2023-08-28T12:13:56","slug":"transwestern-to-lease-minneapolis-office-tower","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/transwestern-to-lease-minneapolis-office-tower\/","title":{"rendered":"Transwestern to Lease Minneapolis Office Tower"},"content":{"rendered":"<div id=\"attachment_1004677703\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/08\/50-South-Sixth-e1693213195476.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004677703\" data-attachment-id=\"1004677703\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/transwestern-to-lease-minneapolis-office-tower\/50-south-sixth\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/08\/50-South-Sixth-e1693213195476.jpg\" data-orig-size=\"1000,750\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;\\u00a9 Yardi Systems, Inc.&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"50 South Sixth\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;50 South Sixth was designed by Skidmore, Owings and Merrill. Image courtesy of CommercialEdge&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/08\/50-South-Sixth-e1693213195476.jpg?w=1000\" class=\"wp-image-1004677703 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/08\/50-South-Sixth-e1693213195476.jpg?w=300\" alt=\"50 South Sixth\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/08\/50-South-Sixth-e1693213195476.jpg 1000w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/08\/50-South-Sixth-e1693213195476.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/08\/50-South-Sixth-e1693213195476.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004677703\" class=\"wp-caption-text\">50 South Sixth was designed by Skidmore, Owings &amp; Merrill. <em>Image courtesy of CommercialEdge<\/em><\/p><\/div>\n<p><strong>Mapletree Investments <\/strong>has tapped <strong>Transwestern Real Estate Services <\/strong>to lease 50 South Sixth, a 698,606-square-foot office building in downtown Minneapolis. Principal Reed Christianson and Vice President Trinette Wacker will lead the leasing efforts.<\/p>\n<p>Mapletree acquired the building in 2017 for $253.5 million, according to CommercialEdge data. The owner recently implemented extensive capital improvements adding features that regulate indoor air quality and maximize energy efficiency, as well as an enhanced visitor management system.<\/p>\n<p>Designed by Skidmore, Owings &amp; Merrill, the 29-story tower came online in 2001, featuring 32,000-square-foot floorplates, along with 40,000 square feet of retail space. Amenities include a lounge, conference center and fitness center. Located at 50 S. Sixth St., the property is within Minneapolis\u2019 central business district, being surrounded by retail and public transport options.<\/p>\n<p>The Minneapolis office market registered a vacancy rate of 20.2 percent in the second quarter of this year, according to a CBRE report. Leasing activity totaled 1.2 million square feet, up 37 percent year-over-year, the majority of deals involving Class A space, the same data reveals.<\/p>\n<p>Transwestern also handles leasing and management at other Mapletree properties, including assets in Oakland, Calif., and Richardson, Texas. Recently, <a href=\"https:\/\/www.commercialsearch.com\/news\/transwestern-to-lease-dc-area-office-building\/\">the firm was selected by Stonebridge<\/a>\u00a0to lease a 370,000-square-foot office tower in the Washington, D.C., area.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mapletree acquired the property in 2017 for more than $253 million.<\/p>\n","protected":false},"author":3120,"featured_media":1004677703,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,13,36076,21742,21747],"tags":[34056,36182,50857],"class_list":["post-1004677700","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-midwest","category-minneapolis-st-paul","category-latest","category-office","tag-mapletree-group","tag-skidmore-owings-and-merrill","tag-transwestern-real-estate-services"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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