Just Listed brings you the latest news and information from the Twin Cities-area commercial and residential real estate market and beyond from veteran reporters Jim Buchta and Janet Moore.

New IDS owner names management team

Posted by: Janet Moore Updated: May 6, 2013 - 4:15 PM

 

Jim Durda continues as the IDS' general manager.

Jim Durda continues as the IDS' general manager.

The new owner of the IDS Center has made several key appointments for the downtown Minneapolis skyscraper.

 

Florida-based Beacon Investment Properties LLC bought IDS for $253 million in a deal finalized last week.

Beacon has reappointed Jim Durda vice president and general manager -- he's worked for IDS owners for the past 19 years. In addition, Jones Lang LaSalle will lease the 57-story tower, and Cassidy Turley will lease space in the Crystal Court retail plaza.

Jon Dahl, senior vice president, and Brent Robertson, vice president, head Jones Lang LaSalle's office leasing team, and Andrea Christenson, vice president for Cassidy Turley, will lead the retail leasing team. Cassidy Turley recently moved into the iconic tower.

Ariel Bentata, Beacon's chief investment officer and a founding partner, said in a statement that the firm "considers itself very fortunate to have the strong existing property management team and two of the Twin City's most-respected commercial brokerages representing our newest and largest property."

Janet Moore covers commercial real estate for the Star Tribune.

 

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