Campbell Mithun Considers Move from Namesake Tower

After residing at the Campbell Mithun Tower in Minneapolis since 1985, Campbell Mithun could move out after the advertising agency has started looking at various real estate options in downtown Minneapolis.

After residing at the Campbell Mithun Tower in Minneapolis since 1985, Campbell Mithun could be moving out: The advertising agency has been looking at various real estate options in downtown Minneapolis.

The Minneapolis / St. Paul Business Journal reports Campbell Mithun’s lease at 222 S. Ninth St. expires at the end of 2014, and the agency is analyzing its options. The company is being assisted in its site search by James Damiani, a broker at Colliers International in Minnetonka, while Julie Snow Architects is evaluating its space and design options.

Campbell Mithun moved into the 41-story tower as soon as it was built and currently leases around 130,000 square feet in the upper middle floors of the tower, which now bears its name. The company is searching for around 75,000 to 80,000 square feet, the same amount of space it currently occupies at its headquarters. The balance is either sublet or available to sublease.

In other real estate news, the same Minneapolis / St. Paul Business Journal reports Rick Born has signed a contract to buy, for a second time, the Boatworks building in Wayzata. After acquiring the building for $6 million from investor Irwin Jacobs in 1996 for his old company, Born Information Services, he sold it in 2001. Now, he plans to move his growing technology company, RBA Consulting, to the 68,000-square-foot Boatworks building. RBA will be leasing around 35,000 square feet in the Boatworks building, consolidating two 12,000-square-foot offices currently located in Wayzata and Minneapolis’ North Loop district.

Photo Courtesy of: www.campbellmithuntower.com