A Chicago investor that purchased a long-empty Maple Grove office building seemed to find value in the property thanks to a new lease signed by the parent company of St. Jude Medical.
Syndicated Equities paid $22.77 million for a 97,257-square-foot building at 6820 Wedgwood Road N., according to a certificate of real estate value made public Friday. Built by Minneapolis Ryan Cos. US Inc. in 2005 at the southwest quadrant of Fish Lake Road East and Interstate 494, the Class A office building was home to offices for The Hartford insurance company. The Hartford moved out of the building in late 2014 after Prudential Insurance Co. of America’s acquired The Hartford in 2012.