Select Comfort, manufacturer and seller of Sleep Number beds, has leased a 211,000-square-foot headquarters lease in a five-story, 476,000-square-foot office building in downtown Minneapolis. The company plans to relocate its headquarters to 1001 Third Ave. S. from Plymouth to the downtown facility in October 2017.
Approximately 900 employees will be based out of Select Comfort’s new headquarters, which, in addition to executive office space, will house a call center and research and development lab. In conjunction with the lease, DCI Technology will complete a multimillion-dollar renovation of the property that will include the addition of a fitness center and cafeteria on the fifth floor, among other common area improvements.
Transwestern Principal Reed Christianson represented the building owner, DCI Technology Holdings, in the 15-year lease.
“This property occupies a full city block and, with the exception of a data center, has sat mostly vacant since 2014,” said Christianson. “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.”