Wednesday, November 28, 2012

Shorenstein Properties Pays $205.5M for Minneapolis City Center

National Commercial Real Estate News From CoStar Group

Shorenstein Properties Pays $205.5M for Minneapolis City Center

Shorenstein Properties LLC acquired the 33 South Sixth office building in Minneapolis, MN for $205.5 million, or about $153 per square foot, from Brookfield Office Properties, Inc. (NYSE: BPO).

The 50-story, 1.35 million-square-foot, class A office building, which was delivered in 1983 and renovated in 2005, is located at 33 S 6th Street at Minneapolis City Center. Target Corp. anchors the building with 72 percent of the office space. The deal...

Citadel Renews 222,416 SF in Downtown Chicago

Citadel LLC, a financial services provider, signed a long-term renewal for its headquarters in Chicago's Central Loop. The firm will take the top six floors of Citadel Center, which amounts to 222,416 square feet at 131 S. Dearborn St.

Developed in 2003, the 39-story, Class A office building totals 1.5 million square feet at the intersection of Dearborn and Adams streets. Aside from housing Citadel, other major tenants include JP Morgan Chase...

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