Aetna Signs 43,000-SF Lease at Metropoint
Leasing activity has totaled more than 250,000 square feet at Metropoint since it was acquired by BPG in August 2006.
MINNEAPOLIS – BPG Properties, Ltd. (BPG), a private equity real estate fund manager, today announced that Aetna has signed a 43,000-square-foot lease at 300 Highway 169 South, one of four office buildings in Metropoint, The Center for Business office park. Leasing activity has totaled more than 250,000 square feet at Metropoint since it was acquired by BPG in August 2006.
“As an industry leader, Aetna represents the growing number of prominent clients that have made Metropoint a preferred choice in the Minneapolis office market,” said Kelly Gibbel , senior asset manager at BPG. “With more than $10 million in capital improvements well underway, Metropoint provides its tenants with amenities and features unmatched in the area.”
Aetna , a health care benefits company, plans to operate a client service center out of the space by September of 2007.
“Aetna wanted a high-quality office environment for its employees, and Metropoint offered the best fit in a prime location,” said Ned Tarbox, vice president at Jones Lang LaSalle, who represented Aetna in the transaction.
BPG acquired Interchange Office Park in August 2006, renaming it Metropoint, The Center for Business. BPG expects to complete more than $10 million in capital improvements by the end of 2007, including elevator and HVAC upgrades, refurbished public spaces, improved tenant suites, and significant new amenities including new fitness and conference centers, upgraded dining facilities, a broad range of convenience retail, as well as new landscaping and park signage.