Old Neiman Marcus building to be new CenterPoint office

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A former luxury retail store in downtown Minneapolis will be transformed into the main office of a utility company that provides natural gas to more than 800,000 Minnesota customers.

The Star Tribune reports that CenterPoint Energy Inc. reached an agreement to buy the former Neiman Marcus building to use as its main downtown location. A CenterPoint spokeswoman told the paper that 350 employees will relocate to the four-story building.

The purchase price was not disclosed. The building is owned by United Properties, the real estate business of the Pohlad family.

The spokeswoman said CenterPoint will use the space to showcase energy-saving consumer options, such as improved heating and cooling and more energy-efficient lighting.

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