Bridge Investment Group LLC’s subsidiary Bridge Office Fund acquired 10 West End, an 11-story, 343,000-square-foot Class-A office building in St. Louis Park, Minnesota.
The purchase bolsters Bridge’s Minneapolis footprint to more than 1.4 million square feet.
Ryan Companies US, Inc. sold the building in conjunction with The Excelsior Group and Sotarra LLC. The sellers oversaw the successful development and lease-up of the LEED Silver-certified office tower after breaking ground in 2019, with nearly 300,000 square feet of leasing activity occurring since the building opened in January 2021.
Located in the fast-growing West End office submarket, 10 West End offers a live-work-play environment with dining, retail and entertainment destinations surrounding the property, along with several apartments and hotels. The building offers a bike room, on-site parking, electric vehicle charging, fitness center, high-tech facilities, proximity to public transportation, sky deck and park access. 10 West End is the first Class-A office building constructed in the submarket in the last 18 years.
Tom O’Brien, Avery Ticer, Dan Phoel and Jeff Altenau with Cushman & Wakefield represented Ryan in the sale.
Ryan, TEG and Sotarra are planning a second phase – 20 West End – to be built immediately south of 10 West End.
The acquisition represents Bridge’s next phase of expansion in Minneapolis, with the firm previously acquiring West End Office Park, a 560,000-square-foot Class-A creative office campus less than half a mile away from 10 West End, in late 2020. Bridge also owns the 508,000-square foot Excelsior Crossings office campus in nearby Hopkins. The firm’s national office portfolio totals 13.1 million square feet across 14 states.
