The Florida-based owner of the IDS Center in downtown Minneapolis has rebranded itself.
The former Beacon Investment Properties is now known as Accesso Partners LLC.
In a news release, Hallandale Beach-based Accesso said the new name better reflects its "mission and values as a commercial real estate investor."
The firm owns and manages a 10-million square-foot, $1.5 billion portfolio of office buildings in "fast-growing" U.S. cities. Last year, the firm bought the 57-story IDS Center for $253 million.
Claudio Dombey, co-founder and managing partner, said "with the nationwide expansion of the company over the years, the Beacon name morphed into a brand which another company in our industry had been using.”
However, the company's investment focus will remain the same, said Ariel Bentata, co-founder and managing partner. “We will continue to build, manage and refine our portfolio of Class A stabilized and value-add office buildings in the fastest growing central business districts and suburbs nationwide," he said.