Cigna has been a significant tenant at One Southwest Crossingsince 1990, according to CTMT. "They looked at the market and thiswas the best value for them," Wolfe says, adding that there are fewlarge blocks of available class A space. Most of the largeravailabilities are in newer buildings where rates are higher, heexplains.

Wolfe adds that the 233,199-sf building, which was 55% vacantwhen Talcott Realty Investors LLC purchased it in 2004, is nowfully leased. Other major tenants at One Southwest Crossing includeCompuware, Harmon, H&R Block, and Sony, which also renewed itslease in 2006. Built in 1986 and last renovated in 2002, thebuilding is currently undergoing a common area upgrade as the ownerlooks to sell.

Financial terms of the Cigna deal were not released. Asking rentfor class A space in the southwest submarket is $26.38 per sf,according to a Grubb & Ellis third quarter report. Vacancy inthe southwest is 12.4% compared to 15.7% for the Twin Cities. TheCTMT team of Wolfe, Anna Engstrom and Gary Glockner representedowner Talcott.