Fifth Street Towers, a 1.1 million-square-foot, two-tower office complex in the heart of downtown Minneapolis, is officially up for grabs. The pair of high-rises, the 25-story 100 Tower and the 36-story 150 Tower, is being pitched to institutional investors as a classic value-add opportunity at a time when downtown landlords are leaning hard on amenities and lease incentives to lure workers back to the office.
Deal details
JLL is handling the marketing and is describing Fifth Street Towers as a 1,088,623-square-foot Class A complex that is roughly 70.6% leased with a weighted average lease term of about 4.5 years. Marketing materials note that ownership has already poured roughly $43 million into renovations and that about 298,000 square feet of vacant space is available to lease, a key part of the return story. According to JLL, the listing information was refreshed on April 10, 2026.
Who reported it
The decision to put the towers on the block surfaced publicly on April 10, 2026, when the Minneapolis / St. Paul Business Journal first reported the listing. The outlet pegged Fifth Street Towers as one of the largest office properties currently being actively marketed in the central business district.
Owner, tenants and amenities
Owner and management materials describe the complex as home to more than 80 businesses, including several national tenants, and lean heavily on a long list of recent amenity upgrades. Those improvements include a skyway bar, tenant lounge, fitness center, wellness rooms and a rooftop deck, all positioned as must-haves for employers trying to coax staff into the office. Property and ownership pages also spotlight awards such as BOMA’s TOBY and emphasize a hospitality-style amenity strategy credited with boosting leasing after a multi-year repositioning. Zeller lays out the property specs and the rundown of renovations.
Market context
All of this is unfolding in a downtown office market that is still feeling the strain. Local reports describe a clear “flight to quality” trend that favors modern, amenity-rich buildings over older, less-updated towers. Regional commentary from brokerage Forte Real Estate Partners notes that the broader Twin Cities office market is showing early signs of stabilizing, but downtown absorption has lagged and vacancy remains elevated. That backdrop helps explain why an asset loaded with amenities is being brought to market now as investors search for properties that can compete for tenants.
What could happen next…