Värde Partners Signs 12-Year Lease For Office Space At North Loop Green In Minneapolis

350 N 5th St Minneapolis, MN 55401, USA

$35

$35/SF

Building Size

28,000 SF

Asset Type

Office

Closing

Jun 15, 2023

AI

Värde Partners, a financial investment firm, has signed a 12-year lease for a full floor at North Loop Green, a mixed-use development located at 350 North 5th Street in downtown Minneapolis. The lease agreement encompasses 28,000 square feet of office space. The transaction was facilitated by JLL on behalf of Värde Partners, with Hines and JLL representing the ownership.

Summary of transation details

Property Type: Office
Transaction Amount: $35/ft.
Square Footage: 28,000
Address: 350 North 5th Street
Market: Minneapolis

Hines, AFL-CIO Building Investment Trust, and Marquee Development serve as the landlords of the property. Bob Pfefferle, representing Hines, played a role in the lease agreement. Meanwhile, Jim Dunbar from Värde Partners acted as the tenant. The deal was also supported by brokers from Hines and JLL. The financial terms of the lease were not disclosed.

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