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Plymouth offices bought, sold in a year

One year ago, Minneapolis-based Falcon Ridge Partners purchased a Plymouth office building leased by UnitedHealth Group, then signed the tenant to a new lease as that tenant fixed up the building.

This week, the 178,385-square-foot property at 6150 Trenton Lane N. sold to Omaha-based Waitt Co. for $24.25 million, according to a certificate of real estate value made public on Monday. Waitt, which already owned an office building leased to Medtronic down the road at 4600 Nathan Lane, decided to buy in the Twin Cities again when it learned that the building was on the market, said Waitt Senior Vice President Clark Horgan.

This time around, the Trenton Lane building won’t be going anywhere for a while.

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C&W team represents Alidade in portfolio sale

The Capital Markets team of Avery Ticer, Scott Pollock, Tom O’Brien and Terry Kingston represented Alidade Capital in the sale of three buildings — office properties at 12400 Whitewater Drive in Minnetonka, as well as the Olympia Business Park buildings at 1325 and 1401 American Boulevard east in Bloomington. The properties sold for a combined $10.5 million.

AtWater Group sells Normandale Place

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.

View article from Finance & Commerce.