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McKnight Foundation Signs 20-Year Lease For 50,000 SF Office Space In Minneapolis
LEASED
+ 1
Minnesota
See Similar DealsOffice50,000 SF
Leased 12/18/2023
LEASED
McKnight Foundation Signs 20-Year Lease For 50,000 SF Office Space In Minneapolis
921 Washington Avenue South
See Similar DealsOffice50,000 SF
Leased 12/18/2023
+ 1
Summary
MINNESOTA
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:50,000 SF
Transaction Type:Lease
The McKnight Foundation is relocating its headquarters to a 50,000-square-foot office space at 921 S. Washington Ave. in Minneapolis. The lease, which starts in February 2025, has a term of 20 years. The move involves significant renovations led by KimbleCo to align with McKnight's climate and energy goals.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not available
- Address: 921 Washington Avenue South, Minneapolis
- Market: Minneapolis
SFT Holdings, represented by Gavin Cockerill, is the landlord for the 50,000-square-foot office space at 921 S. Washington Ave. Eric Rapp, Mike Salmen, and Reed Christianson of Transwestern act as the landlord's representatives. On the other hand, Julie Kimble of KimbleCo represents the McKnight Foundation, the tenant in this lease transaction.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$2,865,969.83
Total Lease Value
$28,659,698.28
Net Landlord Cash Flow$2,865,969.83
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