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MinnesotaHealthcare

Colliers helps Smiths Medical sell Minneapolis-area medical center building

July 7, 2017
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Represented by Colliers International, Smiths Medical has sold its former headquarters building in Arden Hills, Minnesota, to developer Forum Equity Partners.

Forum Equity Partners, which closed on the 165,000-square-foot office-tech space, has plans to renovate and reposition the building back into a multi-tenant office flex building.

Smiths Medical, a unit of London’s Smiths Group PLC, manufactures and sells medical devices that include drug-infusion pumps and consumables to hospitals and surgical centers. The company had outgrown the Arden Hills location and in December of 2014 announced plans to relocate to a new build-to-suit corporate headquarters in Plymouth, Minnesota.

The investment sales team from Colliers International|Minneapolis-St. Paul, along with Michael Gelfman, vice president in the office brokerage division at Colliers, represented Smiths Medical in the disposition of the former headquarters.

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Alden HillsColliers InternationalMichael GelfmanMinneapolisMinnesotaPlymouthSmiths Medical
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