The two sides are a minimum--the Bremer name may also appear on other sides of the building. Bremer's lease is for about 32,000 sf and will be extended through 2014. The financial terms of the deal were not disclosed. The financial firm's lease was set to expire in 2008.
The 248,000-sf building, which is owned by Town Square Reality, LLC and managed by Sentinel Property Management Corp. of New York, is now called the North Central Life Tower, or NCL Tower for short. But North Central Life Insurance was sold years ago and no longer a marquee tenant.
Bremer, which grew serving rural areas of the Upper Midwest, was formerly based in South St. Paul. Along with the Minnesota Attorney General's office, Bremer is one of the building's main tenants. The locally based financial corporation has $6.1 billion in assets.
The firm has long had branches in rural areas outside of the Twin Cities, North Dakota and Wisconsin. In recent years, Bremer has been expanding its number of Twin Cities locations to build its presence. For instance, this fall it will open a branch office in Woodbury near the intersection of City Center Drive and Woodbury Drive.
Other major office buildings in Downtown to change their names in recent years include the Norwest Center, which has becoming the Fifth Street Center, and the World Trade Center, which has been renamed the Wells Fargo Center.
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