CBRE Arranges 43,672 Square Foot Office Sublease in North Loop

CBRE has arranged a 43,672 square foot office sublease in Minneapolis’ North Loop. Canteen One will relocate from Golden Valley to 700 N 5th Street, bringing over 200 employees into downtown.

Newmark’s Jim Damiani and Andrew Commers represented Canteen One while CBRE’s Joe Conzemius, Ann Rinde, and Larissa Bodine represented the sub landlord, Solera, in the transaction.

“This North Loop location delivers proximity to top restaurants and attractions which are increasingly important components when attracting employees back into the office,” said Conzemius. “Companies create work environments to recruit, retain, and develop talent. As workers begin to return to the office, the elements that gave the CBD a competitive advantage before will continue to attract talent in the future.”

According to CBRE’s recent Occupier Sentiment Survey, 36% of respondents indicated that a return to the office was already underway and another 26% indicated they would occur by end of Q2 2022.

Canteen One is a company focused on feeding people at work with a variety of unattended retail solutions-Micro Markets/Office Coffee/Pantry and Vending. Canteen One serves over 350 National clients that span over 75k sites across the US.