Renovated RBC Plaza Leasing Up

MINNEAPOLIS—The RBC Plaza has been one of this city’s top office properties since it opened, but when KBS Real Estate Investment Trust III acquired it last year for $118.1 million, company officials still felt that significant renovations were needed. Perhaps most important was the transformation of an adjacent four-story retail mall, formerly known as the Gaviidae Common II, into an integral part of the 40-story, 678,045-square-foot building. The third and fourth floors were recreated as modern office space, the rest into building amenities. KBS has now filled the fourth floor with one tenant, as well as signing another group of new tenants for the tower.

“The tower has always been well-positioned,” Sonja Dusil, Cushman & Wakefield