Dorsey & Whitney renews lease at Fifty South Sixth in Minneapolis
Dorsey & Whitney has signed a lease renewal with Hines commencing in 2016 for 250,000 square feet at its headquarters in Fifty South Sixth in Minneapolis' CBD.
Dorsey has been a tenant at the property since the building opened in 2001. The renewal will ensure its anchor-tenant status through 2031.
In conjunction with the lease renewal, Dorsey will be re-stacking 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 finalising Dorsey's lease renewal, Fifty South Sixth has been recognised 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 US Bank Plaza) – Hines' first development in Minneapolis – and we are pleased to continue that relationship well into the future at Fifty South Sixth," says Hines managing director Steve Luthman. "We are also thankful for the tremendous leadership provided by brokers Jim Damiani, Nils Snyder and Bob Chodos during this transaction."
"Technology has transformed how law firms are staffed and how they deliver their services to clients," says Dorsey managing partner Ken Cutler. "We are delighted that we could renew our lease to serve our clients even more efficiently from the same great Twin Cities location. We are also very pleased to continue our long-term partnership with Hines."
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