(MINNEAPOLIS) – Hines, the international real estate firm, announced today that the 220,000-square-foot T3 office development has become the first office building in Minneapolis to receive preliminary WiredScore certification. T3 (timber, transit, and technology) is an innovative seven-story mass timber office building developed by Hines in the fast growing North Loop neighborhood of downtown Minneapolis.
“Strong Internet connectivity is becoming increasingly critical to the day-to-day operations of any business,” said Arie Barendrecht, CEO and co-founder of WiredScore. “T3's Wired pre-certification ensures that tenants will have access to a well-planned, fully redundant and resilient technological infrastructure that will promote seamless connectivity from the moment they sign a lease and for many years to come.”
WiredScore is the pioneer behind the international Wired Certification standard that identifies and certifies buildings with best-in-class Internet connectivity. Wired Certification measures factors including the quality and diversity of IT connectivity, the extent of physical Internet infrastructure and the IT readiness of a building. T3 has received preliminary certification due in part to the density and diversity of lines to the site, multiple points of entry for carriers and multiple riser pathways to support IT security and future growth of building tenancy.
“Pursuing and securing preliminary WiredScore pre-certification is a testament to how seriously we take IT performance and security. Reliable IT infrastructure is a must for the progressive office user and has become especially critical for growing firms in the technology industry,” commented Hines Managing Director Steve Luthman.
Hines Director Bob Pfefferle added, “T3 offers a number of unique external building amenities and common areas, but we have also paid careful attention to what is on the inside of the building which is reflected by our plans for robust IT connectivity and redundancy.”
For more information on T3, which will be open in early fall 2016, please visit www.T3NorthLoop.com.
Hines is a privately owned global real estate investment firm founded in 1957 with locations in 185 cities in 19 countries. Hines has $84.9 billion of assets under management, including $42.7 billion for which Hines provides fiduciary investment management services, and $42.2 billion for which Hines provides third-party property-level services. In 2014, Hines completed over $8 billion in transactions on behalf of its investment management clients. The firm has 104 developments currently underway around the world. Historically, Hines has developed, redeveloped or acquired more than 1,000 properties, totaling over 339 million square feet. The firm’s current property and asset management portfolio includes 511 properties, representing over 176 million square feet. With extensive experience in investments across the risk spectrum and all property types, and a pioneering commitment to sustainability, Hines is one of the largest and most-respected real estate organizations in the world. Visit www.hines.com for more information.
The AFL-CIO Building Investment Trust is an open-end commingled core commercial real estate fund with nearly $5 billion in gross assets as of June 30, 2015. Since beginning operations in 1988, the BIT has invested over $6 billion for the development and acquisition of more than 200 office, retail, multifamily, hotel, warehouse, and mixed use properties across the country. The BIT is managed by PNC Bank, National Association (PNC Bank), as Trustee. PNC Realty Investors (PRI) provides investment advisory services to the BIT. The AFL-CIO Investment Trust Corporation provides, marketing, investor relations, and labor relations.
