Capella Tower

• Capella Tower is a 1.5 million-square-foot class “A” office tower in the heart of downtown Minneapolis. Completed in 1992, it was designed by Pei Cobb Freed & Partners and is arguably the most recognizable building in Minneapolis.

• Ryan has partnered with ASB for nearly 20 years. In mid-2009, ASB Capital Management awarded the property management of Capella Tower to Ryan. Including the Capella Tower, Ryan manages nine ASB properties throughout the US.

• When Ryan took over the management of the 53-story building, only two of the 16 staff members were retained. Ryan had to quickly hire and train a quality management and maintenance staff to transition operations.

• To secure a successful transition, Ryan and leasing partner CB Richard Ellis (CBRE)created a tenant retention strategy as well as a marketing plan to lease a considerable amount of vacant space in competitive downtown market.

• Ryan has built successful relationships with existing tenants through continual outreach, best-in-class service and new online tenant tools for improved response time and knowledge sharing.

• Ryan recommissioned and enhanced Capella Tower’s Building Automation System to improve efficiency, installed low- and no-mercury light fixtures and implemented environmentally-friendly cleaning products and practices. These efforts contributed to Capella Tower achieving LEED-EB (existing building) Gold Certification in 2011.
  

• Ryan and CBRE have completed 290,000 square feet of new, expansion or renewal leasing in just over 15 months in a market that is experiencing negative absorption.

Awards

•  Building Owners and Managers Association (BOMA) International, BOMA 360 Performance Building