CBRE is selling two buildings on the Cargill campus, the company announced in a news release.
CBRE is selling 9350 and 9380 Excelsior Boulevard on behalf of Herndon, VA-based American Fund US Investment LP, which owns the building.
American Fund bought the buildings from Opus Northwest before they were finished in 2008 and 2009. Cargill leases 100 percent of the buildings and has been in them since they were completed. Its lease on them runs through 2020.
Real Estate Alert estimated that the buildings could go for $140 million.
CBRE declined to tell Patch why the buildings are being sold or anything else about the sale beyond what was in the news release.
The release does advertize that Cargill leases the entirety of both buildings and touts Cargill’s stability—noting that it has an A rating from Standard and Poor’s and has been in the Minneapolis market for 130 years.
(Cargill’s lease for the third building on the Excelsior Crossing campus, which isn’t up for sale, runs through 2023.)
Both buildings up for sale are seven stories with a combined 501,603 square feet and are Gold LEED Certified by the U.S. Green Building Council, which is the organization’s second-highest rating for energy efficiency.
Their parking garage and surface parking total 2,216 stalls. The 9350 building has a full service cafeteria and employee fitness center.