HFF named to market for sale the IDS Center in Minneapolis, Minnesota
CHICAGO, IL – March 28, 2016 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has been named to market for sale the IDS Center, a 57-story office tower totaling more than 1.43 million square feet in downtown Minneapolis.
HFF is marketing the architectural landmark on behalf of the seller, Accesso Properties LLC of Hallandale Beach, FL. HFF sold the property to Accesso in 2013 and arranged acquisition financing on its behalf.
Heralded by the New York Times as “one of the finest skyscrapers built in any American city”, the IDS Center occupies a full city block on Nicollet Mall, the shopping and dining district at the core of the skyway pedestrian walkway system in Minneapolis. The iconic post-modern office tower was designed by the influential American architect Philip Johnson in 1972. In addition to office space, the 88-percent-leased property includes the eight-story, glass-enclosed Crystal Court, a retail shopping center and urban park that frequently has traffic counts in excess of 50,000 people per day, and the separately owned 19-story, 281-room Marquette Hotel.
The HFF investment sales team representing the seller is being led by senior managing directors Jeff Bramson and Jaime Fink and managing director Mark Katz.
About Accesso Partners LLC
Accesso Partners LLC is a full-service, vertically-integrated commercial real estate investment manager, owner and operator that aims to provide superior returns to its U.S. and international individual and institutional investors. Accesso’s focus is on acquiring commercial office properties in Class A locations in the largest and fastest growing metropolitan cities and premier suburban submarkets throughout the U.S. Accesso’s property portfolio include 41 office properties covering 13 million SF. Its affiliate, Accesso Services LLC, provides proactive, cost-efficient property management services with an owner’s mindset. Accesso Partners, LLC is headquartered in Hallandale Beach, FL and has offices in Atlanta, Chicago, Dallas, Houston and Minneapolis.
HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 22 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.