Select Comfort Relocates HQ to Downtown Minneapolis

The 211,000-square-foot lease was secured by Transwestern.

by Adina Marcut

Select Comfort's new headquarters
Select Comfort’s new headquarters

MinneapolisSelect Comfort, a company which manufactures and sells Sleep Number beds, plans to relocate its headquarters from suburban Plymouth, Minn., to downtown Minneapolis in October 2017. Transwestern announced it has completed a 211,000-square-foot lease for the company at 1001 Third Ave. S., a five-story, 476,000-square-foot office building.

“This property occupies a full city block and, with the exception of a data center, has sat mostly vacant since 2014, (…) our lease with Select Comfort – the city’s largest incoming office user in many years – will further enhance the up-and-coming southeast corner of downtown and make it a popular destination for employers looking to recruit and retain top talent,” Reed Christianson, principal at Transwestern, said in a statement. He also represented the building owner, DCI Technology Holdings, in the 15-year lease.

The new headquarters will house, in addition to executive office space, a call center and research and development lab. DCI Technology will also complete a multimillion-dollar renovation of the property that will include common-area improvements, including a fitness center and cafeteria on the fifth floor.

“These renovations will add additional value to a building that already benefits from its proximity to new retail, restaurant and residential offerings,” said Christianson. “The addition of Select Comfort, together with ongoing investment in the surrounding neighborhood, including the brand new Kraus-Anderson mixed-use development just a couple of blocks away, is a huge win for downtown Minneapolis, and we’re proud to be a part of it.”

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