Office W Minnesota

CBRE sells 10-building portfolio near Minneapolis

CBRE sells 10-building portfolio near Minneapolis,ph01

CBRE Capital Markets has arranged the sale of the 10-building Grand Oak Business Park Portfolio in Eagan, Minnesota, to an affiliate of Group RMC.

Ryan Watts, Sonja Dusil, Judd Welliver and Tom Holtz in CBRE’s Minneapolis office represented the seller, an affiliate of Equus Capital Partners, Ltd. Equus has owned the portfolio for 11 years.

Grand Oak Business Park is a 550,224-square-foot, 10-building Class-A office campus in Eagan, one of the fastest-growing cities in the Minneapolis/St. Paul metropolitan area. Grand Oak is situated in a 98-acre park-like setting featuring lake-side trails, outdoor amenity areas and an approximate 5.11/1,000 parking ratio.

Located a block from Grand Oak Business Park is Viking Lakes, a planned world-class 200-acre destination that includes the 40-acre TCO Performance Center and TCO Stadium. The area also includes the NFL’s Minnesota Vikings new practice facility and team headquarters.