The IDS Is Looking For A Buyer
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MINNEAPOLIS (WCCO) – The IDS tower – an iconic pillar in Minneapolis’ skyline — is up for sale.
Designed by American architect Philip Johnson in 1972, the 57-story building stands on Nicollet Mall and holds numerous businesses, such as upscale retail stores and restaurants. Sections of its Crystal Court have also made pop culture appearances in song lyrics, the introduction to the “Mary Tyler Moore Show,” music videos and the movie “Purple Rain.”
HFF, a commercial real estate company, said Thursday that it is marketing the IDS Center on behalf of Inland American Real Estate Trust, Inc.
According to HFF, Jeff Manno, an Inland executive, said the decision to sell the IDS Center is part of the company’s plan to “reposition the portfolio and focus on retail, student housing and lodging investments.”
The IDS Center is considered by some to be the tallest building in Minneapolis, although others hold that the Capella Tower is taller. The IDS stands at the corner of 8th Street South and Nicollet Mall.
Inland American Real Estate originally bought the building in 2006.