Newmark Knight Frank closes 265,000 square feet of office leases, including one in Minneapolis

Newmark Knight Frank has closed 265,000 square feet of office leases on behalf of Deluxe Corp., a global technology and fintech company, in Minneapolis and Atlanta.

Deluxe Corp. signed a 94,000-square-foot headquarters lease in the connected 801 Marquette and 121 South Eighth buildings in downtown Minneapolis, Minnesota. The company will occupy the two top floors of 801 Marquette and one floor in 121 South Eighth. In Atlanta, Deluxe Corp. signed a 171,000-square-foot lease for a FinTech and Customer Innovation Center at Glenridge Highlands II (5565 Glenridge Connector) in Atlanta, Georgia.

The tenant advisory team of NKF’s Jim Damiani, Ryan Bohrer and Andrew Commers and Maura Carland represented Deluxe Corp. in its Minneapolis headquarters lease and cooperated with Colliers’ Pete Shelton, Bob Ward and Drew Levine for the Atlanta lease. NKF Managing Director Steve Shepherd represented Deluxe Corp. in the sale of its former Shoreview headquarters property.

With the direction and oversight of Doug Woodley, Deluxe’s Vice President of Real Estate and Enterprises Services, NKF’s Dan Foster, Brooke Perez and Daniel Oney of the firm’s Global Corporate Services group conducted an extensive national site selection process and portfolio analysis. In this process, the team examined Deluxe’s entire real estate portfolio, operational platforms by business unit, talent availability, workforce needs and overall costs as part of the ‘One Deluxe’ corporate strategy. An outcome of this analysis was to determine optimal locations for the hub business units and supporting functions.

NKF’s financial analysis experts Romel Canete and Daniel Keegan played an integral role in supporting Deluxe Corp.’s real estate, finance and tax teams in considering numerous complex finance and tax implications for the publicly traded company’s headquarter sale, new headquarter lease and FinTech hub space.