International Market Square in Minneapolis sold for nearly $29M

The Minneapolis design center International Market Square has been sold for nearly $29 million.

The facility, which has more than 100 design showrooms and galleries, was sold last week to a partnership that includes Minneapolis-based Eagle Ridge Partners as well as an unnamed family and a group of local investors.  Tom O’Brien Cushman & Wakefield represented the seller in the transaction.

The sale includes the complex’s approximate 374,000 square feet of commercial space, the upper three levels of the adjacent parking ramp and two nearby surface parking lots. The group paid just under $85 per square foot.

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