Minneapolis, MN, USA, Nov 8, 2016 -- Transwestern announces it completed a 211,000-square-foot headquarters lease at 1001 Third Ave. S., a five-story, 476,000-square-foot office building in downtown Minneapolis. Select Comfort, which manufactures and sells Sleep Number beds, plans to relocate its headquarters from suburban Plymouth to the downtown facility in October 2017. Transwestern Principal Reed Christianson represented the building owner, DCI Technology Holdings, in the 15-year lease.
"This property occupies a full city block and, with the exception of a data center, has sat mostly vacant since 2014," said Christianson. "Our lease with Select Comfort – the city’s largest incoming office user in many years – will further enhance the up-and-coming southeast corner of downtown and make it a popular destination for employers looking to recruit and retain top talent."
Approximately 900 employees will be based out of Select Comfort’s new headquarters, which, in addition to executive office space, will house a call center and research and development lab. In conjunction with the lease, DCI Technology will complete a renovation of the property that will include the addition of a fitness center and cafeteria on the fifth floor, among other common area improvements.
"These renovations will add additional value to a building that already benefits from its proximity to new retail, restaurant and residential offerings," said Christianson. "The addition of Select Comfort, together with ongoing investment in the surrounding neighborhood, including the brand new Kraus-Anderson mixed-use development just a couple of blocks away, is a huge win for downtown Minneapolis, and we’re proud to be a part of it."
Posted by Veronica Silva Cusi, news correspondent
Date Posted: Wednesday, November 9, 2016
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