Jim Montez was interviewed last month by Dan Rafter of the Minnesota Real Estate Journal and shared why SPS Tower has had success in an otherwise challenging office leasing environment. It’s not just the office space; it’s Sumitomo Corporation of Americas‘ commitment to the building, the Transwestern management team’s commitment to tenants, and the community that surrounds SPS Tower, Minneapolis that makes this office property shine!

Not all office buildings are struggling to attract tenants today. Consider the SPS Tower in downtown Minneapolis.

The 31-story, 655,070-square-foot Class-A office tower completed 66,000 square feet of new and renewed leases in the third quarter of last year. A big contributor? A new 30,000-square-foot Regus workspace scheduled to open on the tower’s 21st and 22nd floors.

Other businesses that signed new leases in SPS Tower in the third quarter of last year were Schechter Dokken Kanter, A Twin Cities-based CFO, accounting and tax firm, which leased 14,000 square feet; Emergent Software, which is moving into a 6,700-square-foot spec suite; and Heritage Wealth Advisors, which leased a 4,200-square-foot spec suite.

Three existing tenants renewed their leases in the building during the third quarter, too.

SPS Tower stands out among its competitors thanks to its amenities. The building offers a two-floor spec suite space on the 19th and 20th floors with a tenant lounge, meeting spaces and a podcast studio. Earlier this year, FRGMNT Coffee opened in SPS Tower’s skyway level.

And one of the more unusual amenities? The Turf Club, the largest lawn in downtown Minneapolis. The Turf Club offers a putting green and entertainment space.

We spoke with Jim Montez, vice president of agency leasing with the Minneapolis office of Transwestern, about the reasons behind the success of SPS Tower. Montez handles leasing for the tower and has seen firsthand just how popular this space has become with tenants. Here is some of what he had to say about the leasing activity at this key Minneapolis property.

Read the full story: https://rejournals.com/a-slowdown-in-office-leasing-activity-not-at-downtown-minneapolis-sps-tower/