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DORSEY & WHITNEY LLP

Dorsey & Whitney LLP

Strategic planning, lease negotiations, project management

240,000 square feet in a new downtown development

 

 

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Two years prior to signing a lease for space at the new 50 South Sixth Street Building, Dorsey & Whitney LLP assumed it would renew its current lease. The prestigious international law firm requested a typical Nelson, Tietz & Hoye lease renewal process, which includes a thorough client needs review and market evaluation. What ultimately transpired was anything but typical.

Analysis of workplace and lifestyle trends determined issues that would affect the firm's space needs: burgeoning use of technology, growing demand for fitness and childcare facilities, and convenient parking. Nelson, Tietz & Hoye also helped Dorsey evaluate the importance of issues such as proximity to the courthouse, downtown amenities and public transportation.

Given Dorsey's projected space needs and construction opportunities in the Minneapolis office market, it became clear that lease renewal was not the firm’s best long-term option. Dorsey decided to take the opportunity to enhance work flow and increase efficiency by building a new property with larger floors.

"As Dorsey's real estate advocate, we asked questions and challenged assumptions about long-term strategy early in the process," says Tina Hoye of Nelson, Tietz & Hoye. "We helped identify key issues even before the building design was completed, so the firm's unique requirements could be incorporated cost-effectively."

Nelson, Tietz & Hoye provided invaluable professional assistance through both the strategic space planning and lease negotiation phases. The result was a highly competitive long-term lease in a new downtown office tower, positioning Dorsey & Whitney as a very attractive place for both professionals and staff to work while enabling firm to compete very effectively.


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