May 16, 2018
MINNEAPOLIS, Minn. - Transwestern today announces it has been retained by ICM Realty Group to lease Barrel House, an 85,000-square-foot, boutique waterfront office building at 111 Third Ave. S. in downtown Minneapolis. Transwestern’s Jim Montez and Nick Sveen are providing leasing services.
“Barrel House is a rare combination of authentic history and modern amenities,” said Montez. “Businesses of all industries looking to provide their employees with a creative and productive environment will find that Barrel House exceeds their expectations.”
After completing a multimillion-dollar renovation in 2017, ICM Realty Group restored the former barrel factory to its original heritage and installed modern amenities to attract today’s creative tenants. Centered around connectivity, the new design features a large atrium centerpiece, famed rooftop deck, building-wide Wi-Fi, multiple meeting spaces and enclosed parking.
Centrally located in the Mill District neighborhood, Barrel House is situated alongside the Mississippi River and surrounded by the city’s best walking trails, restaurants, entertainment, hotels and more. There will be significant investment in the immediate area, including the upcoming Water Works park, which is conveniently located at Barrel House’s back door. Barrel House is 86 percent leased with nearly 12,000 square feet available, including top-floor space overlooking the Mississippi River and the landmark Stone Arch Bridge.
“As a firm, we believe in and are committed to providing a compelling value proposition to our tenants,” said Andrew Webb, Managing Director of ICM Realty Group. “With the building renovation now complete, the Barrel House does exactly that. We look forward to continuing the growth of our Minneapolis portfolio and our relationship with Transwestern.”
Montez and Sveen worked at Cushman & Wakefield when ICM Realty Group began the renovation process, and they plan to continue their leasing success with Transwestern.
Transwestern is a privately held real estate firm of collaborative entrepreneurs who deliver a higher level of personalized service – the Transwestern Experience. Specializing in Agency Leasing, Tenant Advisory, Capital Markets, Asset Services and Research, our fully integrated global enterprise adds value for investors, owners and occupiers of all commercial property types. We leverage market insights and operational expertise from members of the Transwestern family of companies specializing in development, real estate investment management and research. Based in Houston, Transwestern has 35 U.S. offices and assists clients through more than 211 offices in 36 countries as part of a strategic alliance with BNP Paribas Real Estate. Experience Extraordinary at transwestern.com and @Transwestern.
ABOUT ICM REALTY GROUP
ICM is a registered alternative investment fund manager and portfolio manager focused on owning, operating and investing in real assets. We offer retail, private client and institutional investors an array of private investment opportunities focused on real estate, private equity, and infrastructure strategies. Our goals are simple: We strive to preserve wealth and generate attractive risk-adjusted returns while providing the highest level of client service. Our success hinges on our unwavering commitment to three principles that underpin our investment philosophy: Value, Discipline, and Results. Our adherence to these principles has allowed ICM to generate exceptional investment returns for our clients and a strong track record of achieving our goals. Today, we manage more than $600 million of assets across numerous investment vehicles and advisory relationships and have considerable experience in originating, structuring and financing investment transactions and managing risk in alternative assets. We are headquartered in Calgary and have offices in Atlanta, Minneapolis, Munich and Mexico City.