Ten Capital Management, a privately held real estate investment management firm, has completed the acquisition of Atria Corporate Center in Plymouth, Minnesota.
The highly-amenitized property is a 358,941-square-foot Class-A LEED Gold building built in the late 1980s and substantially renovated in 2017. Atria offers food service, a complimentary coffee bar, fitness center, locker room with showers, training center, updated common areas, on-site management, multi-level parking deck and underground heated parking.
The property is located in the West submarket of the Twin Cities Office Market, a 9-million-square-foot office market with a current vacancy rate of 11 percent and current Class-A asking rents of $19.90 a square foot.
