California-based firm to acquire Minneapolis office tower for $207M - Bring Me The News

California-based firm to acquire Minneapolis office tower for $207M

33 South Sixth Street/City Center, the fourth-tallest building in downtown Minneapolis, is being sold for roughly $207 million to a real estate firm in San Francisco, the Star Tribune reports. The 50-story office-retail-hotel complex, once known as the International Multifoods Tower, is about 83 percent occupied. Its biggest office tenant is Target Corporation's technology group. The building is also home to a three-story shopping mall and a Marriott hotel.
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33 South Sixth Street/City Center, the fourth-tallest building in downtown Minneapolis, is being sold for roughly $207 million to a real estate firm in San Francisco, the Star Tribune reports.

The 50-story office-retail-hotel complex, once known as the International Multifoods Tower, is about 83 percent occupied, according to the newspaper. Its biggest office tenant is Target Corporation's technology group. The building is also home to a three-story shopping mall and a Marriott hotel.

The Business Journal reported Shorenstein Properties agreed to purchase the Minneapolis skyscraper last week.

Brookfield Office Properties owned and managed the property.

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