 |
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 5th 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.
