Monday, May 2, 2011

Daymark Realty Advisors Secures 16,000-SF Lease Renewal with Wells Fargo at Northstar Centre in Minneapolis

MINNEAPOLIS, MN (May 2, 2011) – Daymark Realty Advisors Inc., a leading provider of strategic asset management and structured finance services to owners of commercial real estate, today announced that it has secured a five-year, 16,203-square-foot lease renewal with Wells Fargo at Northstar Centre (top left photo) in Minneapolis.

Daymark Realty Advisors manages Northstar Centre, a two-tower office and retail facility bordered by Marquette Avenue and 2nd Avenue South, on behalf of individual investors.

Wells Fargo is an American multinational diversified financial services company with operations around the world. The company offers a range of financial services delineated into three divisions including community banking, wholesale banking, and wealth, brokerage and retirement. In 2010, Wells Fargo had 6,335 retail branches, 280,000 employees and more than 70 million customers.

“Wells Fargo currently occupies more than 520,000 square feet of space at Northstar Centre,” said Rick Burnett, executive vice president, Asset Management.

“With the current lease renewal, the property maintains a healthy occupancy rate of 93 percent, eight percentage points higher than the market average.”

Built in 1916 and 1962, Northstar Centre offers 715,000 square feet of office and retail space divided among two towers in the heart of the Minneapolis Central Business District.

The property features a granite and marble lobby, as well as the unique Sky Garden with impressive views enjoyed by both tenants and guests.

The buildings provide numerous amenities and feature 30 retail shops including jewelry, sporting goods, art, banking services, restaurants and a luxurious 222-room Crowne Plaza Hotel.
 Northstar Centre is conveniently located near major bus lines and freeways, and offers ample parking with a seven-story, 1000-space parking garage.

Northstar Centre offers direct access to the Minneapolis Skyway System, an enclosed network of climate-controlled walkways that connects numerous buildings in the downtown area.

With eight miles of glass tunnels linking 69 full city blocks, the Skyway System is the largest network of its kind in the world. Northstar Centre boasts the second-highest Skyway traffic count in the city, with more than 14,000 pedestrians daily.

Dick Keller of Cassidy Turley represented Daymark Realty Advisors in the transaction. Craig Kilpatrick of TaTonka Realty Advisors represented Wells Fargo.

For more information regarding Daymark, please visit
Contact:  Damon Elder,

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