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Andrea Leon
MINNEAPOLIS, MN, Dec.22, 2020 – KBS, one of the largest investors in premier commercial real estate in the nation, and leading Midwest law firm Fredrikson & Byron announced today that the firm has signed a lease agreement for approximately 178,000 square feet of space in RBC Plaza at 60 South Sixth, a Class A, 40-story, 710,332 square-foot office tower and retail complex in downtown Minneapolis, Minnesota. RBC Plaza at 60 South Sixth is owned by KBS REIT III.
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RBC Plaza at 60 South Sixth, a Class A, 40-story,
710,332 square-foot office tower and retail complex
in downtown Minneapolis, MN.
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| Dan Park |
“As
an investor in best-in-class assets throughout the country, KBS recognizes the
importance of providing office tenants with top-quality space in the epicenter
of key markets,” says Dan Park, senior vice president for KBS and asset
manager for RBC Plaza at 60 South Sixth.
“This is an outstanding property within the
Minneapolis market and offers tenants a host of exceptional amenities both
inside and immediately adjacent to the building.
"Our
ability to lease such a large amount of space three years in advance of the
tenant being able to move in speaks to our ability as a hands-on asset manager
and aligns well with our long-term investment strategy.”
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| John Koneck |
John Koneck, president of Fredrikson & Byron, adds:
“Part of the reason that our firm committed to this lease well in advance of
the move-in date is the high quality of this property, its location, and the
unique ability to acquire a block of Class-A space on Nicollet Mall for our
future headquarters location.
"Also
important are the flexibility of the space and the opportunity to design
cutting edge post-pandemic space to meet our needs. We are excited about our
new partnership with KBS and look forward to moving into this exceptional
property, which we know will be an excellent space for our clients and the
Fredrikson team.”
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Giovanni (Gio) Cordoves
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RBC
Plaza at 60 South Sixth is a LEED-EB Gold, BOMA 360-certified asset in
Minneapolis, Minnesota, along the Nicollet Mall in the heart of downtown
Minneapolis.
Tenant
amenities at the property include, among many others, a complimentary fitness
center with a yoga room and bicycle storage, professionally managed
full-service underground public parking with valet and auto spa, concierge
services, free Wi-Fi hotspots, tenant lounge with wine lockers and a pool
table, and a conference center.
Additional amenities include an Italian
marble and granite lobby, open lounge areas throughout the property, two levels
of retail and dining establishments and three climate-controlled skyway
connections.
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Brent Robertson
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The building is also within walking distance
of a farmer’s market, numerous residential buildings, hotels, a variety of
retail and entertainment offerings, and is immediately adjacent to the 5th Street
Light Rail Station.
“KBS’
dedication to exceeding sustainability and management standards for this asset,
in addition to its excellent amenities and location, have historically and
continue to attract tenants of Fredrikson & Byron’s high caliber to RBC
Plaza at 60 South Sixth,” says Giovanni (Gio) Cordoves, Western regional
president for KBS.
“Our completed and continuing renovations and
amenity additions have and will serve to keep this asset’s standing as a magnet
for office tenants seeking top-quality office space in the Minneapolis
market.
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Jon Dahl
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"We
couldn’t be more thrilled for Fredrikson & Byron to have partnered with us
in what will be a long-term relationship between our firms.”
Brent
Robertson, Andrea Leon and Jon Dahl of JLL
represented KBS in the lease transaction, while Mike Salmen, Larry Serota
and Will McDonald of Transwestern represented Fredrikson & Byron.
“As
office tenant expectations have ramped up in an effort to recruit and retain
top talent, KBS has and continues to lead the charge in downtown Minneapolis
with this property,” says Robertson.
“With
its dynamic work/live/play location and best-in-class attributes, RBC Plaza at
60 South Sixth is on the short list of office buildings where well-respected
companies seek space in this market.”
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Larry Serota
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About
KBS
KBS is
one of the largest owners of premier commercial real estate in the
nation. As a private equity real estate company and an SEC-registered
investment adviser,
KBS and its affiliated companies have completed
transactional activity of more than $42 billion on behalf of private and
institutional investors globally.
Founded in 1992 by Peter Bren and Chuck
Schreiber, KBS acquires and operates prime commercial real estate in some
of the most successful epicenters in the country.
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| Will McDonald |
The firm
is committed in its business ethics, its business relationships and
its constant focus on exceeding the expectations of its investors, partners and
tenants.
Registration
as an investment adviser does not imply any particular level of skill or
training. For more information on KBS, please visit www.kbs.com.
About
Fredrikson & Byron, P.A.
Fredrikson
& Byron is a leading Midwest law firm working collaboratively to help
businesses achieve their goals regionally, nationally and globally.
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| Mike Salmen |
With a
reputation as the firm “where law and business meet,” our attorneys bring
business acumen and entrepreneurial thinking to work with clients and operate
as business advisors and strategic partners as well as legal counselors. The
firm’s 300+ attorneys are based in Minneapolis, with offices in Bismarck, Des
Moines, Fargo, Mankato, St. Paul, Saltillo, Mexico, and Shanghai, China.
For more information, please click on fredlaw.com on LinkedIn or @FredriksonLaw.
Contact:
Micaela
Fehrenbach
mfehrenbach@brower-group.com
