Redline Property Partners, a real estate investment, development and management firm, has taken on a new role as asset manager of the Andrus building in downtown Minneapolis.
Completed in 1898 and originally designed as a retail hub, The Andrus is the oldest building on Nicollet Avenue. At 11 stories tall, it was considered a skyscraper when it was first built.
Previous owners renovated the sky-connected, 140,000-square-foot building several years ago, and Redline said it will execute on the new owner’s vision to continue investing in The Andrus with capital improvements that include additional amenities and a spec suite program. Existing amenities at The Andrus include a skyway connection and underground executive parking.
Redline has retained CBRE as the property’s leasing team. Team members include Ann Rinde, Joe Conzemius and Larissa Bodine.
