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Library Leasing 100,000 SF at Marquette Plaza

MINNEAPOLIS-The central library is expected to operate out of 100,000 sf at the Marquette Plaza site for several years while a new complex goes up on its old site. The former Federal Reserve Bank is being redeveloped.

By Jim McCartney | Updated on January 22, 2002

MINNEAPOLIS-One of the first main tenants in the Marquette Plaza building Downtown, which is in the process of being expanded and renovated, is the Minneapolis Public Library. A new central library will be built on the site of its present space.

The Minneapolis Public Library is expected to take a significant portion of the space in Marquette Plaza, a former Federal Reserve Bank that is being redeveloped by FRM Associates.

The central library will take about 100,000 sf — 80,000 sf above ground and 20,000 sf below ground for storage — for several years while its former central library complex is torn down and a new one built, says Tim Ducharme, who works in the Minneapolis office of United Properties. United Properties won the assignment to lease up the Marquette Plaza late last year. Leasing rates were not available.

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