November 24, 2020
Minneapolis – Transwestern Real Estate Services (TRS) announces SPS Commerce Inc., a global retail supply chain network company, has renewed its lease at its namesake building in Minneapolis. SPS Tower is a 31-story, 655,070-square-foot, Class A building in the Minneapolis Central Business District (CBD). Transwestern Vice President Jim Montez and Principal Reed Christianson handle the leasing efforts, and General Manager Bob Traeger leads property management services.
“It’s tremendous news that SPS Commerce will remain one of the most prominent and innovative employers located in downtown Minneapolis,” said Minneapolis Downtown Council President & CEO Steve Cramer. “Not only is the presence of their workforce in SPS Tower a huge benefit, their civic involvement and leadership will be critical to the success of downtown in the years ahead.”
“We’re thrilled SPS Commerce has chosen to renew its commitment to both SPS Tower and the city of Minneapolis,” said Montez. “Returning tenants are seeing major improvements throughout the property, including a new and improved Turf Club and pavilion, so our tenants can continue to enjoy the largest outdoor space in the CBD.”
SPS Tower has implemented a host of new technological and environmental updates to make the building safe for returning tenants. Updates include a living wall, touchless elevators, wave-activated touchless doors and electrostatic disinfecting cleaning protocols. New protocols also offer tenants a 100% touchless route from the street to their office space. The property is certified LEED Gold and boasts an International TOBY award for excellence in property management.
“SPS Commerce is excited to extend our downtown Minneapolis lease at SPS Tower,” said Archie Black, President and CEO of SPS Commerce. “It is our global headquarters and hosts more than 1,000 SPS employees. The building offers TeamSPS a convenient, safe and dynamic workspace. We are delighted with the site’s recent updates and look forward to being part of the downtown Minneapolis community for years to come.”
Pete Kostroski and Chris Rohrer of Rokos Advisors, a Minneapolis-based real estate consulting firm focused on representing business owners and leaders in the Twin Cities, represented SPS Commerce in the transaction.
About Transwestern Real Estate Services
Transwestern Real Estate Services (TRS) adds value for investors, owners and occupiers of all commercial property types through a comprehensive perspective and by providing solutions grounded in sound market intelligence. Part of the Transwestern companies, the firm applies a consultative approach to Agency Leasing, Asset Services, Tenant Advisory + Workplace Solutions, Capital Markets, and Research & Investment Analytics.
The privately held Transwestern companies have been delivering a higher level of personalized service and innovative real estate solutions since 1978. An integrated approach formed from fresh ideas drives value for clients across commercial real estate services, development, investment management and opportunistic programs for high-net-worth investors. The firm operates through 34 U.S. offices and global alliances with BNP Paribas Real Estate and Devencore. Learn more at transwestern.com and @Transwestern.