Dayton’s Project Signs on Fifth Office Tenant
The Dayton’s Project is slowly adding more office tenants, but the building is still mostly empty. On Tuesday, Dayton’s announced that retail service company Buyers Support Group has signed a lease to occupy about 13,500 square feet of office space.
The new lease will bring the building’s total occupancy closer to 100,000 square feet, though about 760,000 square feet remain unoccupied.
Buyers Support Group will become the development’s fifth tenant. The 40-year-old company works closely with companies headquartered downtown Minneapolis like Target Corp., according to a Dayton’s Project news release issued Tuesday.
“Our team is thrilled to have Buyers Support Group as part of The Dayton’s Project,” Kristin Longhenry of Transwestern said in the release. “This new lease continues to illustrate a renewed vibrancy in downtown Minneapolis. The Dayton’s project is the perfect place for companies to office, providing tenants with rare outdoor space, a luxury gym, and flexible places to work and meet within the building.”
The company will join New Jersey-based Prudential Financial, Minneapolis-based retail marketing firm Uncommon Retail, London-based accounting giant Ernst & Young, and London-based consumer goods giant Unilever in the building. Altogether, the companies have leased about 90,500 square feet of office space in the 12-story building.
Constructed in 1902, the Dayton’s Project building was originally the flagship location of Dayton’s Department Store, which would eventually turn into a Macy’s store. In 2017, ownership group 601 W. Companies bought the property. When the Dayton’s Project was first announced, it was billed as a way to revitalize downtown Minneapolis.
Of the property’s 1.2 million total square footage, about 850,000 square feet is dedicated to office space, according to a property listing. The site also includes 200,000 square feet of retail on the three lower levels. Minneapolis chef and TV personality Andrew Zimmern also has pledged to open a food hall on the property’s lower levels.
Nathan Arnold of Lee and Associates represented Buyers Support Group in the deal. Jim Montez and Alex Baron of Transwestern represented ownership.