KBS Welcomes Fredrikson & Byron’s Move-In to 158,000-SF Space and Signs Two Lease Expansions at 40-Story, Class A Office Tower in Downtown Minneapolis, MN

60 South Sixth, a Class A, 40-story,
 710,332 square-foot office tower
and retail complex in downtown
Minneapolis, MN

 

MINNEAPOLIS, MN – KBS, one of the largest owners and operators of premier commercial real estate buildings in the nation, announces that leading Midwest law firm Fredrikson & Byron has moved into the approximately 158,000 square-foot space to which the law firm had committed three years ago at 60 South Sixth, a Class A, 40-story, 710,332 square-foot office tower and retail complex in downtown Minneapolis, Minnesota.

 

 60 South Sixth is owned by KBS Real Estate Investment Trust III.

Ryan Pires

 

Further, KBS announces that two additional office tenants have signed lease agreements at 60 South Sixth. Best & Flanagan LLP, a locally based law firm, renewed 28,250 square feet, and Dacotah Bank, a Midwest regional financial institution, now occupies 5,125 square feet at the office tower.

 

“KBS has an extensive history of identifying properties within key markets throughout the country that are positioned for solid performance in the long term,” says Ryan Pires, assistant vice president for KBS and asset manager for 60 South Sixth.

Sarah Crippen

“Our recent activity at such a prominent office tower in the Downtown Minneapolis market is an example of our ability to own and operate well-located, beautifully amenitized properties that attract top-tier tenants in those markets, even in the face of current sector challenges nationwide.”

John Koneck

In 2020, upon signing its new lease with KBS at 60 South Sixth, John Koneck, president of Fredrikson & Byron, had noted that the firm committed to the agreement so far in advance of the move-in date in part because of the high quality of the property, its location, and the unique ability to acquire a block of Class-A space on Nicollet Mall in Minneapolis for its future headquarters location.

 

Koneck added at the time that the flexibility of the space and the opportunity to design cutting-edge post-pandemic space to meet its needs were also key factors in the company inking the lease three years prior to occupying the building.

Giovanni (Gio) Cordoves

“We couldn’t be more pleased with our decision to relocate to this extraordinary office building, which suits the requirements we have for our clients and our team to succeed,” says Koneck.

 

“The prime location and exceptional amenities, coupled with KBS’ unmatched service, confirm for us that 60 South Sixth is the ideal place for the Fredrikson team to call our new home.

"In addition, the location supports our continued commitment to the City of Minneapolis and its downtown.”

 

 Todd Senger

As part of its dedication to top-quality asset management, KBS’ long track record of incorporating amenities that align well with the market, property and tenant base draws in creditworthy tenants to assets like 60 South Sixth, according to Giovanni (Gio) Cordoves, Western regional president for KBS.

 

“In the current flight to quality within the office sector, high-caliber tenants like Fredrikson & Byron, Best & Flanagan and Dacotah Bank are seeking superior properties that elevate their teams’ working environment and inspire them to be a part of their companies growth,” says Cordoves.

Andrea Leon

 “60 South Sixth, with multiple amenities that promote sustainability, productivity, and convenience, is among the office buildings of choice for downtown Minneapolis office users today.”

Brent Robertson

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.

variety of retail and entertainment offerings, and is immediately adjacent to the 5^th Street Light Rail Station.

 

“We recognized 60 South Sixth as a premier office property in the Minneapolis market when we moved to the building in 2015 and it has been a wonderful spot for us for eight years,” says Sarah Crippen, managing partner at Best & Flanagan.

Jon Dahl 

 “We were very pleased to extend our lease for our growing firm and are grateful for KBS’s partnership in negotiating our lease extension.”

 

“It is essential that we provide a workplace that is convenient for our team to commute to as well as access a variety of dining, shopping and entertainment options during their workday,” comments Todd Senger, Group Head - Corporate Banking for Dacotah Bank.

 

“60 South Sixth meets these qualifications for us while delivering an excellent tenant experience. Expanding our lease at this property was the obvious choice, and KBS made that process seamless.”

Mike Salmen

Brent Robertson, Andrea Leon and Jon Dahl of JLL represented KBS in Fredrikson & Byron’s lease transaction as well as the Best & Flanagan and Dacotah Bank lease expansions.Mike Salmen, Larry Serota and Will McDonald of Transwestern represented Fredrikson& Byron. 

Brent Erikson of Newmark represented Best & Flanagan and Kevin O’Neill of Colliers represented Dacotah Bank in the transactions.

Brent Erikson

“Properties that offer tenants all the features 60 South Sixth does in the downtown Minneapolis are difficult to find,” says Robertson.

 

“The renovations KBS has completed and continues to implement at this office tower keep it on the short list of preferred locations for office users in this market.”

   

 

 

CONTACT:

Kiera Moran 

kmoran@thesmartagency.com

 www.kbs.com.

fredlaw.com or LinkedIn or @FredriksonLaw.