Cushman & Wakefield’s Midwest Equity, Debt & Structured Finance team has secured an $11.3 million take-out refinancing package for The E, a boutique office property in Edina, Minnesota.
Cushman & Wakefield’s Adam Hoffman, Jeff Altenau, Zach Yarnoff and Avery Ticer represented property owner City Center Realty Partners / Contrarian Capital Management in securing the bank financing.
Located at 7201 Metro East Blvd. in Edina, The E totals 108,000 square feet of Class A boutique office space. Constructed in 1981 and fully renovated and rebranded in 2021, the property is currently 94% occupied by 11 diverse tenants. Over the past 24 months, The E has successfully added more than 97,000 square feet of new tenancy following a $6.75 million renovation of the property.
