ICM Realty Taps Transwestern to Lease Minneapolis Office

The 85,000-square-foot building, a former barrel factory in the city’s downtown, underwent a multimillion-dollar renovation in 2017.
Barrel House, 111 Thrd Ave. S., Minneapolis
Barrel House, 111 Third Ave. S., Minneapolis

ICM Realty Group has retained Transwestern to lease Barrel House, an 85,000-square-foot office building in downtown Minneapolis. The asset, a former barrel factory, is 86 percent leased, with approximately 12,000 square feet available. The vacant space includes the top floor overlooking the Mississippi River and the landmark Stone Arch Bridge.

In 2017, just around the time it purchased the 118,000-square-foot Jefferson Plaza in Norcross, Ga., the owner completed a multimillion-dollar renovation of the building. The upgrades consisted in redesigning the atrium centerpiece, meeting spaces and rooftop deck, as well as adding building-wide Wi-Fi. The property’s location at 111 Third Ave. S. provides easy access to walking trails along the Mississippi River and a wide range of restaurants, stores and hotels.

A project to create a Water Works park within walking distance from Barrel House is currently in the works, which will bring more cultural and recreational amenities to the area. Mill Ruins Park, Mill City Museum, Walden University and the Minnesota Museum of American Pattern Glass are also within walking reach.

The Transwestern team of brokers that will oversee the leasing efforts at Barrel House is made up of Vice President Jim Montez and Associate Nick Sveen. They both joined the company earlier this spring after transferring from Cushman & Wakefield.

Image courtesy of Transwestern