The Hub on 3rd
A downtown office asset repositioned into a private office community for entrepreneurs, clinicians, consultants, and small businesses.
300 3rd Ave SE · Downtown, Rochester, MN
Overview
The Hub on 3rd was an underperforming office asset in the heart of downtown Rochester. Slingshot acquired it, rebranded it, and repositioned the space into a modern, fully-serviced private-office community — individually secured, furnished suites supported by shared amenities and a bookable conference center, all under one all-inclusive lease.
Active, owner-operated management drove a fast lease-up: the property reached stabilized occupancy in just 55 days. Today it is a flexible office ecosystem serving Rochester’s entrepreneurs, consultants, therapists, and small businesses — with on-site parking that is rare downtown.
Investment thesis
Rochester’s innovation economy is generating a steady flow of professionals who have outgrown a shared desk but aren’t ready for a multi-year lease and buildout. The Hub captures that demand with a curated, all-inclusive product.
We acquired the asset with conviction at a basis that rewarded active management. Owning and operating it directly let us reposition quickly, stabilize occupancy, and build a durable, cash-flowing platform we intend to hold across cycles.
Community impact
The Hub gives Rochester’s entrepreneurs, consultants, therapists, and small businesses a professional downtown home — keeping enterprise and talent in the city core, without the overhead and red tape of a conventional lease.
Gallery
Interested in The Hub on 3rd?
Reach out about availability, partnerships, or just to learn more about the asset.
Rochester, MN · andrew@slingshot-realestate.com · 507-533-5280