Downtown Minneapolis tower renamed for SPS Commerce
The 31-story 333 South Seventh Street building has been renamed SPS Tower after software company SPS Commerce, which is expanding its space in the Minneapolis tower.
SPS Commerce, which currently has 168,000 square feet of space on floors four through 10, has signed a new lease at the building, located along 4th Avenue S. between 7th and 8th streets.
The lease, which extends until 2025, will expand the company's space to 216,000 square feet by adding floors three and 16. With the new lease, SPS takes up about 30 percent of the building.
Employees will start filling up the additional floors sometime over the next two years, said Mike Carey, senior vice president and chief human resources officer. In the meantime, outdoor signage identifying the building as SPS Tower will go up soon.
SPS Commerce's new space includes offices for the Minneapolis/St. Paul Business Journal, which the paper reportedly is planning to move to this summer.
SPS Commerce decided to stay in the building because of its proximity to public transit, quality building management and its "Turf Club" lawn space, Carey said.
"It would have been hard to replicate this anywhere else," he said.
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