Obviously, we’re planning for a little bit more of amenity set garden for one user. We’re pivoting on that. So we’re not really sure exactly if we will or will not put it in the redevelopment pool, but we’re in the mindset of making more of a multi-tenanted amenity set. The good news is we’ve actually already seen good traction at that property, and we’ve signed a 10,000 square foot backfill lease already with the user as part of our October total that you’ve seen. So overall, again, we think that building is really well positioned at the corner of 494/35 West for signs, very, I’d say, accessible right off the highway, walkable to number of restaurants more importantly, probably in the Minneapolis market. It’s a five and 10-minute drive to France Avenue and pretty much any restaurant you can imagine.
So, ultimately we think that gets great traction in the marketplace, along with our Excelsior building. But at least for now, we know the Excelsior building will be going into the 2024 redevelopment pool.
Ray Zhang: Got it. And if I may, just one follow-up, since we touch on US Bank and Cargill any update on the Amazon lease? Any incremental color you can provide? I know they have a couple of different leases and different spots and just any early conversation or color you can provide will be helpful.
Bobby Bowers: Absolutely. Just like our Meridian buildings, which is LEED Gold, our Amazon building, in Northern Virginia is also LEED Gold. That’s where Amazon takes about 60,000 square feet. And as we’ve noted, they will be vacating at the end of the first quarter. That said, we do have actually good velocity, if you will, on Tour Activity and traction to backfill that, including a number of large users for all of the space. So I think that’s something we continue to feel. We see decent activity in Nova, and that building is really well positioned on top of Metro, walkable to Ballston Quarter, the Hockey Rink and a lot of the retail that sits around there and lunch options located within the building as well, so really well positioned there.
On the LEED Gold building in Dallas that they occupy the Galleria, Amazon’s larger position there, about 270,000 square feet. I’d say they’re very active in this space. It’s a little early to tell. There’s no new development in the submarket for them to go to, and they really prefer to keep their workforce in that submarket. So we feel pretty good about our renewal in place. But exactly how much unclear, and we’ll probably expect to get more engaged here over probably towards the end of the first quarter of next year.
Ray Zhang: Got it. That will be it.
Operator: Thank you. Our next question is coming from Nicholas Thillman with Baird. Your line is live.
Nicholas Thillman: Hey, good morning, guys. Maybe starting with George just talking about overall demand to the market, it seems as though Minneapolis is picking up a little bit of velocity that might just be a little bit more of just vacancy in the market that you guys have in the portfolio now. But just ranking across the market, it seems like Atlanta and Dallas are most active, but just maybe give some color on what activity on the ground on some of the other markets.
George Wells: Sure. Good morning. Thank you for joining us. I would say, you mentioned Minneapolis first. I mean we’ve been — that portfolio has been very stabilized for many years, it being 90% leased or better for several years. We’ve been pretty ecstatic about it. So we’re finding it a chance to come back to the marketplace. I would say, the brokerage community and the tenant prospects are certainly taking a close look at our portfolio. We’re excited about the large transaction that we land another the headquarters location down one of our properties on as CRESCENT Rich. But that being said, we don’t have a lot of spaces available, it’s hard to see a lot of deal flow. However, we’ve made announcements in terms of changes that are happening in our portfolio from a tenant mix perspective certainly, the board is not about where US Bank is heading from a rating crossing perspective.
