Ryan Companies US, Inc. Purchases TCF Tower in Downtown Minneapolis

Title Date
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MINNEAPOLIS ( June 20, 2005 ) – Ryan Companies US, Inc., announced today that it has completed its purchase of the TCF Tower located in downtown Minneapolis. The 17-story office tower, built in 1981 and connected to the downtown skyway system, houses 296,000 square feet of rentable office space and another 12,000 square feet of retail space.

“The TCF Tower is a great addition to our real estate portfolio,” said Pat Ryan, President, Ryan Companies US, Inc. “This opportunity to buy a well-located property at this time in the market cycle was one we felt we couldn’t pass up.”

The TCF Tower joins a diverse portfolio of downtown Minneapolis properties, including the AT&T Tower, Essex Building, Retek On the Mall, and River Parkway Place. With this acquisition, Ryan now owns and manages approximately 1.6 million square feet of building space in the downtown area.

Ryan Companies US, Inc. is a leading national commercial real estate firm offering integrated design-build and development as well as asset, property and facilities management services to customers. For more than 67 years, Ryan Companies has used a single-source approach that offers flexibility in defining the scope of a project and strength in providing effective, timely solutions resulting in a higher certainty of success. In addition to its Minneapolis office, Ryan has offices in Chicago, Phoenix, San Diego, Cedar Rapids, Davenport and Des Moines, Iowa .