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Northstar Assignment To Colliers Towle

MINNEAPOLIS-Leasing the 813,000-sf mixed-use facility could be a challenge as a glut of vacant space builds in the Downtown submarket, commercial brokers say. Also, TrizecHahn Corp.'s building is considered a class-B property.

By Jim McCartney | Updated on January 09, 2002

MINNEAPOLIS-Colliers Towle Real Estate says it has been selected by TrizecHahn Corp. to lease its Northstar Center office property Downtown. The 813,000-sf mixed-use property includes office and retail space, four skyway connections and is attachedto the Crowne Plaza Hotel and the 1,000-car Northstar parking ramp.

Commercial real estate brokers categorize Northstar as a class-B office building, a category that could face a challenging year as a number of similar properties are marketing space at the same time. A number of large new office projects have opened or are under construction in Downtown Minneapolis, and vacancy rates are startingto rise there.

The Colliers Towle leasing team, which includes Larry Chevalier, vice president; Jeff Hart, senior sales and leasing associate; and Tina Feisthamel, sales and leasing associate, will work with Deb Goodman, TrizecHahn property manager for Northstar Center.

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