JLL Capital Markets has closed the $11.25 million sale of Minnetonka Corporate Center, a 94,435-square-foot office/warehouse/R&D facility in Minnetonka, Minnesota.
JLL represented the seller, Onward Investors, LLC, and procured the buyer, WinPark Associates, LLC.
Minnetonka Corporate Center is located at 5900-5950 Clearwater Drive about 15 miles southwest of Minneapolis’ central business district. The 8.42-acre site has immediate connectivity to regional thoroughfares, including Highway 62 and Interstates 494 and 394, and is not far from the Minneapolis-St. Paul International Airport.
Renovated in 2004, Minnetonka Corporate Center is 100 percent leased to six tenants. The property features 11-foot to 16-foot clear heights in the warehouse/production space, 9-foot clear heights in the office buildout, five dock doors and four drive-ins.
The JLL Capital Markets team representing the seller was led by Senior Managing Directors Colin Ryan and David Berglund.
