MINNEAPOLIS-In a convenient matchup, HGA Architects andEngineers has leased 80,000 square feet in a historic building, aformer Ford manufacturing facility, where the company is acting asproject architect for a $40-million renovation project. OwnerUnited Properties is leading the project, located across from thenew Target Field.

The property was built in 1912 as a vertical assembly plant andcar showroom for Ford Motor Co. United Properties bought thebuilding, operating as a Class C flex property in the city’swarehouse district in 2007 for $12.5 million, and launched itsredevelopment of the building. The company first had to gainhistoric renovation design approval from the National Park Service,Minneapolis Historic Preservation Commission and the City ofMinneapolis Planning Commission.

The new Ford Center will have 270,000 square feet of office,including a bottom floor parking area and a fitness center. JohnSaunders with United, leading the project with Bill Katter, tellsGlobeSt.com that the perk of the property is its location next toan expanded light and commuter rail station. “There will be threeother light rail lines at this location over the next severalyears,” Saunders says.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.