City Center Realty Partners, in a partnership with investment advisor Angelo, Gordon & Co., announced this week that it had acquired a 320,000 square foot office building in downtown Minneapolis. Carlson Real Estate sold the Plaza Seven office building at 45 Seventh St. S. for an undisclosed sum, and the terms of the deal are unknown. The Minneapolis/St. Paul Business Journal noted that the deal for Plaza Seven is somewhat unusual because it involved"condo-ing" the office portion of the building separately from the Radisson Hotel that occupies the lower 16-stories of the tower.
"City Center Realty Partners is thrilled to add this prime property to our growing portfolio of assets throughout the country," said Sigurd Anderson, Founding Partner with CCRP. Brent Robertson and Jon Dahl, brokers at Jones Lang LaSalle, were handling leasing for Carlson at the tower and are expected to retain that work after the sale. JLL's Minneapolis office is in Plaza Seven.
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