MINNEAPOLIS (June 10, 2014) – United Properties has added nine new tenants to its Loose-Wiles Building since the beginning of 2014, bringing the building to 90 percent leased. MarketingLab and Ovative/group are the two largest of the new leases, at approximately 10,000 sq. ft. each.
Other new leases signed this year include: Family Solutions Law Group, J.R. Paddon, Logistics Planning, North Loop Capital, Straight Line Theory, Thorsen/Post Net and Waterstone Mortgage. Located at 701 Washington Ave. N., 7,000 sq. ft. of the 120,000 sq. ft. building remains available for lease.
“The Loose-Wiles Building is in a great location with many dining and transit options nearby. And the space gives tenants the true converted warehouse aesthetic,” said Jim Montez, Cushman & Wakefield/NorthMarq, who represented United Properties in the transactions.
The Freehouse, a restaurant and brewhouse, is located on the first floor of the Loose-Wiles Building. Other tenants include Fields Law, LHB and RJM Construction. Once a commercial bakery and home of the Loose-Wiles Biscuit Company (later Sunshine Biscuits), the Loose-Wiles Building is listed on the National Register of Historic Places. United Properties purchased the building in July 2012.
About United Properties
United Properties, based in Minneapolis, specializes in commercial real estate development and investment. Since 1975, United Properties has provided development services for the retail, residential, office, medical and industrial sectors. In addition to a large presence in the Minneapolis-St. Paul market, United Properties’ Colorado division develops retail, office and industrial buildings. Formed in 1916, the United Properties investments group acquires, manages, finances and disposes of the company’s real estate investments, which includes nearly 60 office, medical, industrial and retail assets in Minnesota, Wisconsin, Illinois and Colorado. For more information, visit www.uproperties.com or follow on Twitter at @UPDeepRoots.