Presidio Property Trust, Inc. (NASDAQ:SQFT)(NASDAQ:SQFTP), an internally managed, diversified real estate investment trust ("REIT"), announced the lease renewal by Fredrikson & Byron, P.A., a Minnesota-based law firm, at its Dakota Center property located in Fargo, North Dakota.
"We are pleased that Fredrikson & Byron chose to extend its occupancy at Dakota Center on a long-term basis," said Jack Heilbron, President and Chief Executive Officer. "Retaining our customers is of critical importance to Presidio, particularly given the currently challenging economic landscape."
"Presidio has invested significantly in improvements to Dakota Center since our acquisition, and this lease extension is a testament to our efforts. Fredrikson & Byron and Presidio will be commencing a major renovation of the premises to ensure our tenant's needs will be met far into the future," said Gary Katz, Chief Investment Officer.
Jim Buus and Brittaney VanderHagen of JBC Commercial Real Estate represented Presidio in this transaction.