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U.S. Bancorp Recommits to Namesake Minneapolis Tower

Newmark secured a 447,000-square-foot lease renewal with U.S. Bancorp on behalf of Piedmont Office Realty Trust, Inc. at U.S. Bancorp Center, the 32-story 800 Nicollet Mall headquarters in Minneapolis. With the renewal, U.S. Bancorp reaffirms its commitment to Piedmont and Minneapolis, its headquarters city for more than two decades. Lease terms weren’t disclosed. 

Senior managing director Brent Erickson and associate director Callie Ronkowski of Newmark served as exclusive leasing agents for the Downtown Minneapolis office property on behalf of Piedmont. JLL represented US Bancorp, which has occupied its namesake building since 2000. 

“We are appreciative of the opportunity to work alongside such great organizations as Piedmont and U.S. Bancorp in securing this monumental lease transaction,” said Ronkowski. “U.S. Bancorp Center is an exceptional property and with U.S. Bancorp renewing its long-term lease, we look forward to future milestones for the building and the downtown Minneapolis business community.” 

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Newmark's Ronkowski

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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