Fifth Street Towers

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Fifth Street Towers
Fifth Street Towers Minneapolis 1.jpg
General information
Coordinates 44°58′41″N 93°16′6″W / 44.97806°N 93.26833°W / 44.97806; -93.26833Coordinates: 44°58′41″N 93°16′6″W / 44.97806°N 93.26833°W / 44.97806; -93.26833
Completed 1988; 26 years ago (1988)
Height Complex: 504 ft (153 m)
Tower I: 364 feet (4,370 in)
Tower II: 504 feet (6,050 in)
Technical details
Floor count Complex: 36
Tower I: 26
Tower II: 36

The Fifth Street Towers is a complex of two buildings in Minneapolis, Minnesota. Fifth Street Towers I was completed in 1987 and is 356 ft (108 m) tall and has 26 floors. Fifth Street Towers II was completed in 1988 and is 504 ft (153 m) tall and has 36 floors.

At one time MAIR Holdings had its headquarters in Suite 1360 of Fifth Street Towers II.[1]

It was purchased in 2007 by a UK-based company, StratREAL for $294 million on behalf of an unnamed client[2] but sold in May 2012 for $110 million following a mortgage default by the borrower.[3] The borrower was Interventure Capital Group, acting on behalf of Prince Abdul Aziz bin Fahd, youngest son of the late King Fahd of Saudi Arabia[4][5]

See also[edit]

References[edit]

  1. ^ "2006 Annual Report." MAIR Holdings. Retrieved on August 16, 2011. "150 South Fifth Street, Suite 1360 Minneapolis, Minnesota 55402"
  2. ^ http://www.bensoncairns.com/stratreal/images/5_news/pr2007/Minnesota.pdf
  3. ^ http://online.wsj.com/article/SB100014240527023036304045773907027
  4. ^ Stephen Foley (6 June 2012). "Revealed: Saudi royals' secret $1bn US empire - Business News - Business". The Independent
  5. ^ Rowena Mason (12 October 2010) http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/8057153/Tory-donor-Pierre-Rolin-accused-of-stealing-30m-from-Gulf-investor.html Daily Telegraph

External links[edit]