The 63,000-sf building is about five years old, and waspreviously occupied by CitiFinancial as a call center. "They movedout in February to a new location a couple of miles away," saysBrad Butler with Liberty Property Trust, which owns the building.The rest of the building is available, he says, with an asking rateof $12 per sf.

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He says his firm was fortunate to get the deal done, as there'snot too many large deals going on in the Minneapolis market."There's a lot of smaller stuff around, especially in the new classA developments, but those are at around a $17 to $19 per sf range.This kind of flex property weathers the market a little better,"Butler says.

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Also, the Southwest Minneapolis office market has been kind ofslow, Butler says. The Southwest market has the lowest vacancy ratein the area at 12.9%, but that figure will go up because of newproduct now coming online, according to a second quarter Grubb& Ellis market report.

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