RSM re-ups lease in downtown tower for 12 more years

Minneapolis/St. Paul Business Journal

RSM Plaza is keeping its namesake tenant for at least 12 more years as the accounting firm RSM US extended its lease and expanded its footprint in the 20-story downtown Minneapolis tower.

The firm will increase its square footage from 115,000 to 125,000 square feet and renovate and relocate within the building, which is at 801 Nicollet Mall.

“Remaining centrally located in the heart of downtown Minneapolis allows us to build on our long history of connectivity to Twin Cities businesses. Expanding and renovating our current office space to include modernized amenities and inviting aesthetics will enable us to continue to foster innovation and enhance a culture that embraces new perspectives and forward thinking,” said Jamie Woell, Minneapolis office managing partner for RSM, said in a news release.

Landlord Golub & Co. of Chicago, which issued the press release, would not say how much money the office renovation will cost.

But the lease extension announcement comes on the heels of a $10 million renovation of the 415,000- square-foot building that brought a new skyway configuration, tenants lounge, fitness center and conference center.

The former Barnes & Noble space along Nicollet Mall has been sliced up, with a national steakhouse chain, 801 Chophouse, building out a restaurant on the ground floor that will open this fall.

Golub & Co. said Deborah Frank, senior vice president of leasing at Golub, was instrumental in negotiating the transaction. Jones Lang LaSalle brokers Brent Robertson and Jessica Maidl, supported Golub in the deal.

Link: RSM re-ups lease in downtown tower for 12 more years