Lee & Associates Twin Cities brokers Nathan Arnold, principal, and Konnor Carlson, associate, represented ACA International in the sale of its 10,000-square-foot office property located at 3200 Courthouse Lane in Eagan, Minnesota.
They also represented ACA, the leading professional association in the accounts receivable management industry, in the acquisition of two new office condos totaling 2,400 sq. ft. in Savage, MN, using a 1031 exchange. The new office space supports the group’s evolving operational needs and their move toward a more remote-focused working environment.
The Eagan property, which ACA International owned debt-free, is being sold to Baune Financial, a Northwestern Mutual-affiliated financial advisory and wealth management firm serving partners and principals of the Big 4 professional service firms (Deloitte, EY, KPMG, and PWC) and highly successful individuals and families. The acquisition, with an undisclosed purchase price, closed on March 24, 2026. Baune Financial is moving from its current leased space in the Mendota Heights Business Park. Baune was represented by Al and Patricia Iverson with Coldwell Banker Burnet.
Arnold and Carlson worked closely with ACA to navigate unforeseen circumstances, including having a car crash into the building weeks before closing, ultimately facilitating the successful sale of the existing building and the acquisition of space better suited to the company’s needs. “We’re proud to have guided ACA in this significant change to their workplace, allowing us to leverage our deep experience with sales, acquisitions, and investment decisions,” said Arnold.
As part of the transaction, ACA International utilized a 1031 Exchange—specifically through a Delaware Statutory Trust (DST). This structure allowed the company to defer capital gains taxes while gaining passive, fractional ownership in institutional-grade real estate. The DST also provides benefits such as diversification, zero management responsibilities, and a streamlined closing process, supporting both the disposition of the former asset and the acquisition of the new office space.
Jeff Peterson of the CPED1031 LLC handled the 1031 Exchange.
