Pair of Industrial Flex Buildings in Eden Prairie Sold to Local Investor for $11.075M
16 May 2018
CBRE Capital Markets recently represented ownership in the sale of City West Business Center North and South, a pair of industrial flex buildings totaling 172,904 square feet, to Finke Associates, Inc. for $11.075 million.
Ryan Watts, Sonja Dusil, Judd Welliver and Tom Holtz in CBRE's Minneapolis office represented the seller, Provident Real Estate Ventures LLC.
The properties were constructed in 1984 and provide 67 percent office finish with 12' clear height. Tenants at City West Business Center include Third Wave, InstyMeds, Augustine Biomedical and HRST, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.