New leases bring building to 99.5 percent occupancy
MINNEAPOLIS (Nov. 5, 2012) – United Properties announced today three new leases at Ford Center for Northern Lights Broadcasting, Agosto and Atomic Playpen. With these new tenants, the building is 99.5 percent leased; all that remains is 550 sq. ft.
“We’re hoping to find an eatery of some kind to fill the remaining space and serve the building’s tenants,” said John Saunders, United Properties. Owner and redeveloper United Properties was represented in all three transactions by Jim Montez and Sonja Dusil of Cushman & Wakefield/NorthMarq.
Northern Lights Broadcasting, broadcaster of FM 96.3 K-TWIN, signed a lease for 8,400 sq. ft. of space on the first floor of Ford Center. The broadcaster will move from its current location in Edina to a glass-front studio facing Fifth Avenue and Fifth Street. Northern Lights Broadcasting plans to move into the space this month. The project team includes designer Nelson and general contractor RJM Construction.
Agosto, a Google App and cloud consulting firm, signed a lease for 13,200 sq. ft. on the fourth floor. Agosto moved into Ford Center in early October. The project team includes Collage Architects, RJM Construction and tenant broker Rob Youngquist of Cushman & Wakefield/NorthMarq.
Web developer and designer Atomic Playpen will occupy 11,800 sq. ft. on the sixth floor of Ford Center. A December move-in date is planned. The project team includes general contractor RJM Construction, designer Nelson, and tenant broker Bob Revoir of Cushman & Wakefield/NorthMarq.
Located at 420 Fifth Street, Minneapolis, Ford Center was built in 1912 and previously home to Ford Motor Company’s vertical assembly plant and showroom. United Properties recently completed a historic renovation of the 265,000-sq.-ft. building.
Media Contacts
Martha Nevanen
Vice President, Marketing Communications
952-893-7539
martha.nevanen@marquettere.com
Jessie Folkens
Sr. Communications Consultant
952-837-8516
jessie.folkens@marquettere.com
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.
