Developer City Center Realty Partners, LLC, in a joint venture with Contrarian Capital Management, has sold a 45,27-square-foot office building in Edina, Minnesota, to investment group O’Shaughnessy Holding Company.
The Class-A building is part of the three-building, 11-acre office complex called The E, and is located at 7151 Metro Boulevard off Highway 100. The property provides immediate access to major highways and is a short distance to downtown Minneapolis.
Brent Erickson at Newmark represented the seller and Brian Ginkel at Jones Lang LaSalle represented the buyer.
CCRP retains ownership of the other two office properties at The E, both of which recently underwent extensive renovations. In 2021, the developer completed a full makeover of The E’s nine-story, 105,000-square-foot anchor building. That $7.5 million dollar renovation modernized the property with an urban-inspired design and premium amenities. The building is now 50% leased, with companies including Mitsubishi HC Capital America, Relievant Medsystems and Employer Solutions Group. PCL Construction fully leases the third building at The E.