The Investment Sales team at Colliers International | Minneapolis-St. Paul represented Eagle Ridge Partners/CarVal in the sale of the 280,289 SF Abbott Campus in Minnetonka. This is the first investment in the Twin Cities for Chicago-based Syndicated Equities.
“This was an opportune time to bring the property to market. The strong investment climate in the Twin Cities resulted in an interest level that was incredibly high and from across the globe,” said Colin Ryan, Vice President at Colliers International | Minneapolis-St. Paul. “The Investment Sales team at Colliers was thrilled to help bring Syndicated Equities to the Twin Cities industrial market.”
The buildings, occupied by Abbott Laboratories who acquired St. Jude Medical in January of this year, recently extended their lease. The facilities were occupied for over 20 years and were developed in the 1980s with an established strong infrastructure that includes clean rooms for laboratory space and research and development.
The Colliers International | Minneapolis-St. Paul Investment team of Vice President Colin Ryan, Vice President Dave Berglund and Senior Vice President Mark Kolsrud represented Eagle Ridge Partners/CarVal in the transaction.
