{"id":7641,"date":"2017-04-04T07:18:09","date_gmt":"2017-04-04T07:18:09","guid":{"rendered":"https:\/\/www.commercialcafe.com\/blog\/?p=7641"},"modified":"2026-04-07T15:15:24","modified_gmt":"2026-04-07T12:15:24","slug":"lasalle-pays-98m-minneapolis-mayo-clinic-square","status":"publish","type":"post","link":"https:\/\/www.commercialcafe.com\/blog\/lasalle-pays-98m-minneapolis-mayo-clinic-square\/","title":{"rendered":"LaSalle Pays $98M for Minneapolis\u2019 Mayo Clinic Square"},"content":{"rendered":"

The 222,000-square-foot building formerly known as Block E in downtown Minneapolis has found a new owner in LaSalle Investment Management. The Chicago-based company reportedly<\/a> shelled out $98 million for the property, which underwent a number or repositioning efforts throughout the years, in an effort to attract tenants.<\/p>\n

LaSalle\u2019s latest portfolio addition is conveniently located directly adjacent to Target Center, within the Warehouse District of Minneapolis\u2019 Central Business District. The Class A mixed-use complex situated at 600 Hennepin Ave.<\/a>, right in the heart of the Minneapolis office market<\/a>, was originally developed as a vertical mall. In 2015, the property underwent a $50 million redevelopment that transformed the building\u2019s exterior design, interior layout and most of the tenant spaces.<\/p>\n

\"MayoMayo Clinic Square, Minneapolis<\/span><\/a><\/div>
\"MayoMayo Clinic Square, Minneapolis<\/span><\/a><\/div>
\"MayoMayo Clinic Square, Minneapolis<\/span><\/a><\/div>
\"MayoMayo Clinic Square, Minneapolis<\/span><\/a><\/div><\/div>
<\/span><\/span><\/div>
<\/div><\/div><\/div>\n

Images courtesy of Yardi Matrix<\/a><\/em><\/p>\n

Mayo Clinic Square<\/a> shares a city block with the Loews Hotel and incorporates a 531-stall parking garage and three large digital billboards. The four-story building houses medical office, traditional office space, specialty space and ground-floor retail, and is 96% leased to high-profile tenants including Mayo Clinic, HDR, Link Snacks and Taylor Sports Properties\u2014parent to the Minneapolis Timberwolves and Lynx. The building\u2019s ground level houses Starbucks, Jimmy Johns, Kieran\u2019s Irish Pub and City Works.<\/p>\n

\u201cThe Warehouse District is undergoing transformative change that continues to make this area increasingly relevant to tenants and local residents, and Mayo Clinic Square represents a key driver of this evolution,\u201d David Schreiber, managing director of acquisitions at LaSalle, said in a statement. \u201cThe building\u2019s synergistic mix of high-quality tenancy and onsite amenities within immediate proximity to local attractions, mass transit and readily available parking will help drive overall asset performance.\u201d<\/p>\n

By Ioana Neamt<\/p>\n

Head over to CommercialCafe<\/a> for more Minneapolis commercial real estate<\/a> offerings<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The 222,000-square-foot building formerly known as Block E in downtown Minneapolis has found a new owner in LaSalle Investment Management. The Chicago-based company reportedly shelled out $98 million for the property, which underwent a number or repositioning efforts throughout the years, in an effort to attract tenants. LaSalle\u2019s latest portfolio addition is conveniently located directly…<\/p>\n","protected":false},"author":529,"featured_media":7644,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false},"categories":[37,38,93,39],"tags":[],"class_list":["post-7641","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commercial-real-estate-news","category-deals","category-mixed-use","category-office","wpautop"],"acf":[],"yoast_head":"\nLaSalle Pays $98M for Minneapolis\u2019 Mayo Clinic Square - CommercialCafe<\/title>\n<meta name=\"description\" content=\"LaSalle Investment Management has acquired Mayo Clinic Square in Minneapolis for $98 million, picking up a trophy mixed-use asset in the city.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialcafe.com\/blog\/lasalle-pays-98m-minneapolis-mayo-clinic-square\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LaSalle Pays $98M for Minneapolis\u2019 Mayo Clinic Square\" \/>\n<meta property=\"og:description\" content=\"LaSalle Investment Management has acquired Mayo Clinic Square in Minneapolis for $98 million, picking up a trophy mixed-use asset in the city.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialcafe.com\/blog\/lasalle-pays-98m-minneapolis-mayo-clinic-square\/\" \/>\n<meta property=\"og:site_name\" content=\"CommercialCafe\" \/>\n<meta property=\"article:published_time\" content=\"2017-04-04T07:18:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-07T12:15:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/04\/shutterstock_113821471.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1399\" \/>\n\t<meta property=\"og:image:height\" content=\"769\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Contributor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Contributor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/lasalle-pays-98m-minneapolis-mayo-clinic-square\/\",\"url\":\"https:\/\/www.commercialcafe.com\/blog\/lasalle-pays-98m-minneapolis-mayo-clinic-square\/\",\"name\":\"LaSalle Pays $98M for Minneapolis\u2019 Mayo Clinic Square - 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