Office W Minnesota

CBRE closes sale of iconic Minneapolis-area office building

CBRE closes sale of iconic Minneapolis-area office building,ph01

CBRE Capital Markets has arranged the sale of the iconic Minnesota Center office building in the Minneapolis market to Altus Properties.

Ryan Watts, Judd Welliver, Sonja Dusil, and Tom Holtz in CBRE’s Minneapolis office represented the seller, Minnesota Center JV, LLC.

The Minnesota Center is a 277,044-square-foot office building, located in Bloomington, Minnesota, at the intersection of I-494 and France Avenue along the France Avenue Corridor. The building is currently 97 percent occupied and is a highly-amenitized Class-A office asset featuring covered parking and underground executive parking, an on-site deli, newly-remodeled entrance, lobbies and common areas, and a new state-of-the-art conferencing center with adjacent kitchen area.

Altus Properties is a St. Louis-based private real estate investment and development firm with over 5.25 million square feet of office, industrial, retail and multi-family properties of which approximately 1.5 million square feet is located in the Minneapolis metropolitan area.