Business & Tech
Two Cargill Buildings in Hopkins Sold
A Santa Monica, CA investment firm bought the buildings.
Five months after being put up for sale, two buildings on the Cargill campus have found a new buyer.
Twin Cities Business reported Tuesday that Santa Monica, CA-based investment firm Colony Financial, Inc. bought the two seven-story buildings at 9350 and 9380 Excelsior Boulevard in Hopkins for $122.75 million.
CBRE Group was selling the building on behalf of the German investment firm IVG Institutional Funds GmbH. Real Estate Alert had estimated that the buildings could go for $140 million.
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Cargill’s lease on the two buildings sold runs through 2020. Its lease for the third building on the Excelsior Crossing campus, which wasn’t up for sale, runs through 2023.
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