MINNEAPOLIS (June 10, 2014) – United Properties has added nine new tenants to its Loose-Wiles Building since the beginning of 2014, bringing the building to 90 percent leased. MarketingLab and Ovative/group are the two largest of the new leases, at approximately 10,000 sq. ft. each.
Other new leases signed this year include: Family Solutions Law Group, J.R. Paddon, Logistics Planning, North Loop Capital, Straight Line Theory, Thorsen/Post Net and Waterstone Mortgage. Located at 701 Washington Ave. N., 7,000 sq. ft. of the 120,000 sq. ft. building remains available for lease.
“The Loose-Wiles Building is in a great location with many dining and transit options nearby. And the space gives tenants the true converted warehouse aesthetic,” said Jim Montez, Cushman & Wakefield/NorthMarq, who represented United Properties in the transactions.
The Freehouse, a restaurant and brewhouse, is located on the first floor of the Loose-Wiles Building. Other tenants include Fields Law, LHB and RJM Construction. Once a commercial bakery and home of the Loose-Wiles Biscuit Company (later Sunshine Biscuits), the Loose-Wiles Building is listed on the National Register of Historic Places. United Properties purchased the building in July 2012.
Media Contacts
Jessie Timmerman
952.837.8516
jessie.timmerman@uproperties.com
Martha Nevanen
952.893.7539
About United Properties
United Properties has been creating deep roots in the commercial real estate industry for more than 100 years. The company imagines new possibilities in real estate to help enrich communities and create lasting legacies. United Properties provides market expertise for ground-up development, redevelopment and acquisitions of value-add and stable investments. The company invests in and develops office, industrial, retail, mixed-use and senior housing properties. United Properties is owned by the Pohlad Companies and is headquartered in Minneapolis, with offices in Denver and Austin, Texas.
