April 3, 2019 Comments Off on Starwood Snags Downtown Minneapolis Tower for $315M Views: 1369 Midwest, Minnesota, National News

Starwood Snags Downtown Minneapolis Tower for $315M

Order Reprints...

Connecticut-based Starwood Capital Group is acquiring Wells Fargo Center in Downtown Minneapolis for a reported $315 million. The sellers are Blackstone and a Hines partnership that includes minority investors Wells Fargo and law firm Faegre Baker Daniels.

The landmark 57-story tower at 90 South Seventh St. encompasses 1.2 million square feet and is 80% leased to tenants such as Wells Fargo, Castlelake L.P., KPMG, and Faegre Baker Daniels. Designed by Cesar Pelli, the 1987-era property contains a full-block indoor pedestrian promenade that houses a 100-foot-high ceiling rotunda on one side, and a formal lobby on the other. The new owner will look to renovate the office complex and add amenities.

Eastdil Secured’s Stephen Livaditis and Ken Glomb represented the sellers.

Connect With Starwood Capital

Connect With Hines

Connect With Eastdil Secured’s Livaditis

Get CRE News in 150 words

For comments, questions or concerns, please contact Dennis Kaiser

Tags: ,

Comments are closed.

Send this to a friend