Holliday Fenoglio Fowler, L.P. (“HFF”) has been exclusively retained to offer the fee simple interest in 510 Marquette (the “Property”), a beautifully reimagined, historic office building, prominently situated one block from the iconic Nicollet Mall, within the heart of the Minneapolis CBD. The 13-story, 271,397 RSF asset – which originally stood as the 4-story home to the Federal Reserve Bank of Minnesota – has evolved over the last century, into a fully modernized & amenitized office building, representing one of the rare skyway-connected, creative office opportunities located in downtown Minneapolis. The Property, which is 99.0% leased to nine (9) tenants with a collective weighted average lease term of 6.2 years, offers investors the coveted combination of in-place cash flow stability and substantial mark-to-market upside.
Originally completed in 1922, 510 Marquette seamlessly combines old with new, celebrating the building’s historic architectural features: high ceilings; side-core allowing for open floor plates; unique white-washed/ sand-blasted brick, stone & slate.
The Property features direct access via the 2nd floor to the Minneapolis Skyway System – which is comprised of 9.5 miles of interior, second-story pathways connecting 285,000+ daily pedestrians to 80 city blocks of office towers, hotels, banks, corporate and government offices, restaurants and retail stores in the Nicollet Mall shopping district.
If you are interested in obtaining more information from HFF, please execute the confidentiality agreement below. HFF will review the signed agreement and contact you as soon as possible.