Dorsey & Whitney LLP has signed a lease renewal commencing in 2016 for 250,000 square feet at its headquarters in the 29-story Fifty South Sixth in downtown Minneapolis CBD. Dorsey has been a tenant at the property since the building opened in 2001. The renewal will ensure their anchor-tenant status through 2031.
In conjunction with the lease renewal, Dorsey will be restacking its premises to gain better space efficiency, and as a result, rare upper floor space on levels 24 and 23 will be immediately available for lease for the first time since the building opened. At the same time, Dorsey is taking additional space on level 13 for LegalMine, Dorsey’s e-discovery service.
In addition to finalizing Dorsey’s lease renewal, Fifty South Sixth has been recognized and awarded for its efficiency, quality and customer service by achieving LEED EB Gold Certification, ENERGY STAR Certification, the BOMA 360 Performance Program Award and the local The Outstanding Building of the Year (TOBY) Award, all in 2013.
“Hines has a long-standing relationship with Dorsey dating back to 1978 when they signed a lease at Pillsbury Center (now U.S. Bank Plaza) – Hines’ first development in Minneapolis – and we are pleased to continue that relationship well into the future at Fifty South Sixth,” commented Hines Managing Director Steve Luthman.
Jim Damiani, Nils Snyder (Minneapolis) and Bob Chodos (Chicago) with Colliers International represented Dorsey in the renewal transaction, and Hines Directors Bob Pfefferle and Sargent Johnson represented the property owner, Hines Global REIT.