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DEED Signs 150,000-SF Lease at First National

ST. PAUL-The move is a major boost for the landmark office building at 332 Minnesota St., which has recently lost such tenants as US Bank. The state will sell its office building at 390 Robert St.

By Jim McCartney | Updated on June 08, 2004

ST. PAUL-The Minnesota Department of Employment and Economic Development’s has signed a lease to move into 150,000 sf at the First National Bank building. The move is a major boost for the landmark office building at 332 Minnesota St., which has recently lost such tenants as US Bank, which built a new facility across the Mississippi River from Downtown St. Paul.

The Department of Employment and Economic Development will occupy five floors at the former bank building, including the skyway level offices, says Kit Borgman, a spokesman for the department. The department, which employs about 900, had decided last fall to consolidate its three Downtown St. Paul locations at the First National Bank Building.

The state department’s move to the offices in Downtown St. Paul was threatened in the most recent session of the Minnesota Legislature as a group of senators attempted to restrict any new leases. The session ended without the bill being passed, and the department signed a new lease shortly after they adjourned. The department was created last July with the merger of the Department of Employment Security and the Department of Trade and Economic Development. The Department of Employment Security, which handles unemployment issues, has long occupied a state office building at 390 Robert St. The state Administration Department has been assigned to sell that building.

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