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T3 building in North Loop sold

 

 

Photo/Richard Tsong-Taatarii

The T3 modern timber office building in the North Loop of Minneapolis has been sold to Chicago-based firm LaSalle Investment Management, which purchased the property on behalf of its LaSalle Property Fund.

The 222,000-square-foot, mixed-use building was developed in 2016 by Hines. The purchase price was not immediately available Tuesday.

“This Class-A, modern timber office building is a perfect complement to the dynamic North Loop neighborhood, which has emerged as among the most attractive CBD [central business district] submarkets given its vibrant mixed uses and superb access to mass transit, local amenities and major entertainment venues,” said David Schreiber, managing director of acquisitions at LaSalle, in a statement. “T3 exemplifies the character and quality demanded by today’s tenants, while the property’s unique features and high occupancy position it well for strong long-term investment performance.”

T3’s largest tenant is Amazon, which recently said it plans to more than double its workforce in the building to 350 people.

Marvin Windows and Doors showcases Eagan offices

Marvin Windows and Doors incorporated many of its latest products into its remodeled offices in Eagan. It hosted an open house recently to celebrate completing the remodeling of around 20,000 square feet of space.

The lightly colored space was redesigned to reflect the company’s Nordic heritage and showcase its products.

An assortment of Marvin windows was used to create glass sidelights at individual work alcoves. Marvin’s large sliding doors were incorporated into conference and break rooms.

“Our goal was to create more space, as well as a space that enhances creative thinking and encourages collaboration — ultimately changing the way we work,” Christine Marvin, design director at Marvin, said in a statement. “Another goal was to give employees the opportunity to experience the beauty and design flexibility of the windows and doors we create.”

The office, located not far from Sibley Highway near Cedar Avenue, was designed by Shea Design with Greiner Construction doing the buildout.

Marvin is still based in Warroad, Minn.