Accounting Firm Moving From Downtown Core To North Loop Green
North Loop Green, the towering residential and office complex being built next to Target Field, just picked up its second major office tenant.
Accounting giant KPMG will move from the Wells Fargo tower in downtown Minneapolis and into North Loop Green when it opens in 2024, according to a statement from Bob Pfefferle, managing director of Hines, the developer of the project.
They will join investment banking firm Piper Sandler, which earlier signed on as an anchor tenant for the 14-story office building. They, too, are leaving the downtown business core for the new development in the North Loop.
As a Star Tribune article pointed out, employers are looking for ways to attract and keep workers in the office, and this new development will feature upscale amenities and a prime location. “The North Loop area, abuzz with restaurants, new apartments and Target Field, is another selling point,” the article noted.
“KPMG’s commitment to North Loop Green further demonstrates the flight to quality trend, in which we continue to see tenant demand for curated workplace experiences with wellness-rich amenities,” Pfefferle wrote.
North Loop Green will also feature a 35-story apartment tower as well as a one-acre park. Check out our earlier coverage for photos of those.
By Mike Binkley, North Loop volunteer