The Minneapolis office of Hines, through its Hines Global REIT, recently acquired 9320 Excelsior, a seven-story office building located in Minneapolis.
The seller was Cargill, an international producer and marketer of food, agricultural, financial and industrial products and services. Hines will assume property management responsibilities on behalf of Hines Global REIT.
Completed in 2010, 9320 Excelsior contains 254,915 square feet, and is one of the three buildings that comprise the Excelsior Crossings campus. The property is Leadership in Energy and Environmental Design Gold certified, and is fully leased and occupied by Cargill.
Hines vice president Steve Luthman said, “We are pleased to expand our Minneapolis portfolio with this quality asset and are delighted to form a new relationship with Cargill, one of the largest privately held companies in the world.”