33 South Sixth Street Gets Gold

MINNEAPOLIS—Shorenstein Properties LLC has just secured a LEED Gold recertification for 33 South Sixth Street, a 1.6 million square foot mixed-use property located in downtown Minneapolis that it bought in 2012. The US Green Building Council requires a recertification every five years to maintain the LEED designation. The 51-story building earned an initial silver certification in 2010.

Shorenstein Properties bought 33 S. Sixth St. in 2012 for more than $200 million and according to recent press reports had come to an agreement to sell it to CIM Group for about $280 million. But for reasons Shorenstein did not explain, the deal fell through and the company has decided to take the property off the market.

Designed by Skidmore Owings and Merrill, the building, the fourth tallest building in Minneapolis, was constructed and opened in 1983.  Major tenants include Target, Meagher & Geer PLLP, Korn Ferry and many others.

As reported in GlobeSt.com, the San Francisco-based company has focused on repositioning and re-tenanting the complex's three-level retail space, known as Minneapolis City Center. It recently signed Saks Fifth Avenue OFF 5th to 40,321 square feet at the center and in February, secured a lease with Sports Authority for 21,877 square feet, bringing total retail occupancy up to 86%.

Some sustainability highlights of 33 South Sixth includes:

• State-of-the-art building automation system
• Advanced lighting control system with occupancy sensors
• Variable frequency drives (VFD) on mechanical equipment for energy savings
• Heat Recovery System utilizing a closed loop condenser water system
• Window film to reduce solar load
• Low flow restroom fixtures and automatic faucets to reduce domestic water consumption

Shorenstein currently owns thirty-one LEED-certified buildings totaling thirteen million square feet, with the majority certified at the Gold level, company officials say.