A private investor acquired the Lake West office building at 14525 Hwy 7 in Minnetonka, MN from Hempel for $2.75 million, or approximately $46 per square foot. The three-story, 59,844-square-foot building was delivered in 1980 and renovated in 2006. It sits on 3.5 acres in the I-394 Corridor of Hennepin County. This transaction was part […]

Ridgeview Partners Ltd. sold the flex building at 11921-11935 Portland Ave. in Burnsville, MN to Maple Ridge Center LLC for $2.1 million, or about $46 per square foot. The 45,503-square-foot, light manufacturing building was delivered in 1981 on 3.8 acres in the South Central Industrial submarket of Dakota County. It features 33 percent office build-out, […]

Learning Strategies Corporation sold the Ridgehill Professional Building at 2000 Plymouth Rd. in Minnetonka, MN to Maple Ridge Center LLC for $5.23 million, or about $153 per square foot. The 34,188-square-foot office building delivered in 1984 on six acres in Hennepin County. The building is currently occupied by multiple tenants including LA Weight Loss Center […]

LS Realty Group acquired the Mound Marketplace at 2131-2195 Commerce Blvd. in Mound, MN from PBK Investments for $7.55 million, or approximately $131 per square foot. The shopping center delivered between 2002 and 2003 and totals 57,462 square feet. The asset is anchored by Jubilee Foods with in-line space filled by Verizon, Subway, and Great […]

A family trust acquired the Walgreens at 2499 Hwy 7 in Excelsior, MN from Anxon, Inc. for almost $8.55 million, or about $648 per square foot. The single-story, 14,490-square-foot, free-standing retail building was constructed in 2009 on 1.1 acres in the Eden Prairie Retail submarket of Carver County. It is fully occupied by Walgreens on […]