CBRE Brokers HQ Relocation for Jostens
- Oct 29, 2018
CBRE has represented Jostens, a manufacturer of memorabilia for K-12 schools, colleges and professional sports teams, in relocating its Minneapolis headquarters. The company’s custom-designed office will span across three floors at Minnesota Center in Bloomington, Minn. First Vice President Brian Fogelberg and Executive Vice President Mark McCary directed the 58,600-square-foot lease on behalf of the tenant.
Jostens previously occupied 67,000 square feet at France Place. While the new office represents a 16 percent space reduction, it is designed to be more efficient as it encompasses flexible workspaces, collaborative areas, fewer private offices and several small conference rooms.
Located at 7760 France Ave. S., Minnesota Center is a LEED certified building providing 276,500 square feet of office and 5,000 square feet of retail space, according to real estate data provider Yardi Matrix. Transwestern bought the property at an auction in 2014 paying $31.5 million for the 14-story asset. The building offers a number of amenities which include a conference center, a fitness center and covered parking.
Last month, CBRE brokered another headquarters relocation for Adolfson & Peterson Construction.
Image courtesy of Yardi Matrix