Office W Minnesota

Onward Investors sells pair of office buildings in suburbs of Twin Cities

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Onward Investors has closed on the sale of City West Financial Center and 55 West Financial Center, two office buildings located in the suburbs of Minneapolis/St. Paul.

Onward Investors has closed on the sale of City West Financial Center and 55 West Financial Center, two office buildings located in the suburbs of Minneapolis/St. Paul.

The properties, which have a combined occupancy of 93 percent, were sold to Dakota REIT for an undisclosed amount.

City West Financial Center, a 57,191-square-foot office building at 6500 City West Parkway in Eden Prairie, Minnesota; and 55 West Financial Center, a 51,019-square-foot office building at 10405 Sixth Av. N. in Plymouth, Minnesota, are among a five-part commercial real estate portfolio purchased by Onward in September of 2014.

In 2015, Onward sold the three other area office properties in the portfolio -- Cedar Business Center and Olympia Business Center located in Bloomington, Minnesota, and Eden Woods located in Eden Prairie -- to Alidade Capital of Bloomfield Hills, Michigan.