Edinborough Corporate Center Gets New Owner
EDINA, MN-A Denver-based investment firm has bought the Edinborough Corporate Center, a seven-story Class A office tower in Edina. Lakewood, Colorado-based Alliance Commercial Partners acquired the 101,000-square-foot office building from an affiliate of Glendale, California-based American Realty Advisors (ARA).
Terms of the deal were not revealed, but sources said that the investment firm paid nearly $10.5 million. The building, located at 3300 Edinborough Way, is nearly 84% leased. ARA was assisted in the sale by CBRE Group's Bloomington office. For the full story, go to Minneapolis/St. Paul Business Journal .
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