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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. |
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 |
"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 |
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 |
“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 |
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 |
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 |
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
