Scott Pollock, Terry Kingston, Tom O’Brien and Avery Ticer represented AtWater Group in the $13 million sale of Normandale Place, located next to Normandale Lake Office Park in Bloomington. The 82,000 sf building is nearly fully leased.
Lance Steiger and Robert Dulin represented United Properties in the $21M sale of the Kenwood Village apartments in Duluth. The property, which features 83 units and opened this year completely leased, features ground-floor retail. Lance told Finance & Commerce that the sale is a good sign for outstate Minnesota, since a New York-based firm was the buyer.
A downtown St. Cloud office building that sold for $9.5 million as part of a 2015 portfolio deal has sold on its own for $13.5 million to a North Dakota buyer.