The building was built in 1923 as a garment factory for theStrutwear Knitting Co. It was completely redeveloped in 1987 as anoperations center for Marquette National Bank, which was acquiredby First Bank Systems. The company, now known as US Bancorp,vacated the building in 2006.

Hal Ulvestad, an SVP with the Staubach Co., is marketing thebuilding for Kharbanda. "The owner views this an opportune time tosell the property and put the funds into other investments,"Ulvestad tells GlobeSt.com. The Minnesota Vikings owner, Zygi Wilf,had expressed an interest in buying the building early last year,as Wilf had looked to buy several blocks to build a new footballstadium, Ulvestad says. The plan eventually died, he says.

The 10-story 1010 Seventh St. South building is 10 blocks southof the CBD, and in the government sector that includes the HennepinCounty Medical Center, the county government center and City Hall,with Hubert Humphrey Metrodome, home of the Minnesota Vikings andTwins, directly east of the property.