August 24, 2023
MINNEAPOLIS – Transwestern Real Estate Services (TRS) announces that it has been selected to lease 50 South Sixth, a 29-story, 698,606-square-foot office building in Minneapolis’s Central Business District. Transwestern Principal Reed Christianson and Vice President Trinette Wacker will provide Agency Leasing services for the asset on behalf of the owner, Mapletree Investments.
Transwestern also won the assignment to manage Mapletree’s portfolio in 2022, and now provides property management services to 50 South Sixth as well as its assets in Richardson, Texas and Oakland, California.
“We’re thrilled to take on the leasing efforts for 50 South Sixth,” said Christianson. “Transwestern’s services are even more effective when we both manage and lease a property. This partnership is guaranteed to elevate the building for Mapletree by providing a seamless tenant experience that leads to vacant space leasing and strong tenant retention.”
50 South Sixth was designed by architect Peter Van Cechten of Skidmore, Owings and Merrill and opened in 2001, making it the newest Class A office building in Minneapolis. The building was designed with tenant efficiency in mind and has larger than traditional floor plates for the market. Tenant amenities include the @9 Lounge and Conference Center, as well as a state-of-the-art fitness center. Additionally, tenants can enjoy weekly and monthly events as part of the 50 South Sixth Experience Program.
Mapletree recently completed a multimillion-dollar refurbishment at 50 South Sixth, featuring leading-edge technology focusing on safety, security and wellness. This includes an enhanced visitor management system and a platform that regulates indoor air quality and maximizes energy efficiency.
Located in the heart of downtown Minneapolis, public transportation options include access to the bus line and light rail station. The building is also connected to the Minneapolis Skyway System at four locations.
Image available for download here.
Headquartered in Singapore, Mapletree is a global real estate development, investment, capital and property management company committed to sustainability. Its strategic focus is to invest in markets and real estate sectors with good growth potential. By combining its key strengths, the Group has established a track record of award-winning projects, and delivers consistent and high returns across real estate asset classes.
The Group manages three Singapore-listed real estate investment trusts (“REITs”) and eight private equity real estate funds, which hold a diverse portfolio of assets in Asia Pacific, Europe, the United Kingdom (“UK”) and the United States (“US”). As at 31 March 2023, Mapletree has assets under management of S$77.4 billion, comprising office, retail, logistics, industrial, data centre, residential and student accommodation properties. The Group’s assets are located across 13 markets globally, namely Singapore, Australia, Canada, China, Europe, Hong Kong SAR, India, Japan, Malaysia, South Korea, the UK, the US and Vietnam. To support its global operations, Mapletree has established an extensive network of offices in these countries. For more information, please visit www.mapletree.com.sg.
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. Through an integrated, customized approach that begins with good ideas, the firm drives value for clients across commercial real estate services, development, investment management, and opportunistic endeavors for high-net-worth investors. Operating from 33 U.S. offices, Transwestern extends its platform capabilities globally through strategic alliance partners whose unique geographic, cultural, and business expertise fuels creative solutions. Learn more at transwestern.com and @Transwestern.