Saks Fifth Avenue Off 5th to open at Minneapolis City Center

Minneapolis -- Shorenstein Properties LLC and Saks Fifth Avenue Off 5th announced that Saks Fifth Avenue Off 5th has signed a lease for 40,321 sq. ft. in the retail portion of Minneapolis City Center, continuing the fashion retailer’s 25-year presence in downtown Minneapolis. The new store is slated to open April 2016.



“This city has been a strong market for us, and Minneapolis City Center provides us with a vibrant location in which to serve our exceedingly loyal customers,” said Jonathan Greller, president of Outlets, HBC.



Saks will occupy ground-floor space formerly tenanted by Office Depot as well as more than 16,000 sq. ft. on the skyway level, cementing its position as anchor for the 250,000-sq.-ft. retail portion of Minneapolis City Center.



Shorenstein Properties acquired Minneapolis City Center in 2012 and has made several improvements including focusing on repositioning and re-tenanting the retail space. Minneapolis City Center is the two-story retail portion of the 1.6 million-sq.-ft. mixed-use property owned by Shorenstein at 33 South Sixth Street. The LEED Silver property also includes a 50-story office tower as well as a three-story parking garage and a long-term ground lease for the adjacent 583-room Marriott City Center Hotel.