JLL Capital Markets has closed the $23.46 million sale of 11000 Viking Drive, a two-building corporate office campus totaling 258,850 square feet in Eden Prairie, Minnesota.
JLL represented the seller, Shutterfly, LLC, and procured the buyer, Tempus Real Estate Partners.
11000 Viking Dr. has visibility from and immediate access to Interstate 494 in the southwest suburbs of Minneapolis. The area surrounding the office campus is home to a highly skilled and educated workforce.
The office campus currently consists of a four-story “West Building” that was built in 1997 and a five-story “East Building” that was built in 2004, connected via a two-story “link” building. The City of Eden Prairie approved the plan to tear down the vacant “West Building,” and this space will be used to establish native grasses and wildflowers.
The current “link” building will be renovated into a main entrance and will include patio seating overlooking the newly established native planting area. In addition, through a partnership with the City of Eden Prairie, an eight-foot paved trail along Viking Drive will be constructed by the developer as part of the overall site alterations.
The “East Building” will continue to be occupied by Shutterfly with on-site amenities, including a fitness center and conference facilities. In addition to the indoor amenities, the 16.22-acre lakefront site features an outdoor seating area and direct access to a 1.6-mile walking trail.
The JLL team was led by Senior Managing Directors Colin Ryan and David Berglund with the Capital Markets group and Pat Williams from the Tenant Rep group.
