Historical Information

The land that Hennepin Square is built on was first platted by the Minneapolis Industrial Association in 1916. The land was used for spur railroad tracks until it was purchased by Fulton Bag and Cotton Mills in 1921. The four story factory and office building was completed in 1923 at an estimated cost of $230,000 (that would be about $2.5 million in today’s dollars). In 1948 General Mills leased the fourth floor of the building to accommodate personnel and for aeronautical research. In the 1960s, the neighborhood around Hennepin Square was all industrial with no office buildings. Hillcrest development purchased the building in 1966 with the idea of making it a professional office space which at the time was a high risk project. Hillcrest Development sold the building to MSP Park Place in June of 1998, they are the current owners. MSP has continued to improve the facility and Hennepin Square continues into the future as the neighborhood’s premier professional office space.