High-Profile Office Building Hits the Market at $150 per SF
MINNEAPOLIS, MN– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has retained the exclusive listing for Tritech Office Center, an 115,434-square foot multi-tenant office building in Minneapolis. The listing price of $17.35 million represents $150 per square foot. 
Howard Wiese, (photo at right) a vice president of investments and senior director of Marcus & Millichap’s National Office and Industrial Properties Group in Chicago, and Andrew Lorenz Goll, an investment specialist in the firm’s Minneapolis office, are representing the seller, JLT Group Inc.
“Tritech Office Center provides an investor with an excellent opportunity to acquire a well-maintained multi-tenant office building in the thriving Minneapolis Central Business District,” says Wiese. “The property is 90-percent leased and is expected to generate a first-year yield of 10.1 percent.”
Located at 331 Second Ave. S., the nine-story office building is situated across the street from City Hall and the Federal Courthouse. The property features four connections to the famous Minneapolis Skyway System, an 8-mile pedestrian walkway that connects 80 blocks of downtown office buildings, parking ramps and theaters.
Tenants include law firms, government offices and data/telecommunications companies, such as American Fiber Systems, AT&T, Bloomberg, CP Telecom, McLeod USA, Qwest, Time Warner Cable and Verizon.
CONTACT:
Stacey Corso
Public Relations Manager
Marcus & Millichap
2999 Oak Road
Suite 210
Walnut Creek, CA 94597
Office: 925.953.1716
Mobile: 415.672.6460
Fax: 925.953.1710
http://www.marcusmillichap.com/
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