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Xcel Signs for New Nine-Story BTS Office

MINNEAPOLIS-Opus said it plans to build a nine-story, 212,000-square-foot office building for the energy company across from the current headquarters, to create a consolidated campus.

By Robert Carr | Updated on June 19, 2012

MINNEAPOLIS-Xcel Energy has hired Opus Development Corp. to build a new office building to hold a consolidation of spread-out employees. The energy firm has agreed to a long-term lease on the proposed 212,000-square-foot building, to be built at the southeast corner of Fourth Street and the Nicollet Mall.

The company has about 1,500 employees at its headquarters at 414 Nicollet. The new office will be built across from the HQ over a private parking ramp. Ben Fowke, chairman, president and CEO of Xcel, said in a statement that the new building will improve operating efficiency. “Leasing space in this new building is a prudent, cost-effective way to consolidate our operations, meet our future space requirements and create a great environment for our employees,” he said.

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