MINNEAPOLIS, MN—A joint venture between Artemis Real Estate Partners and Eagle Ridge Partners is acquiring a Twin Cities four-property corporate office portfolio totaling 374,942 square feet.
Judd Welliver, Ryan Watts, Sonja Dusil, and Tom Holtz in CBRE’s Minneapolis office represented the seller, Greenfield Partners, a Westport, CT-based private real estate fund. The sale closed November 6, 2018. The price was not disclosed.
The portfolio includes well-located suburban office warehouse properties in Golden Valley and Hopkins. The portfolio was 93-percent occupied at the time of sale.
The portfolio includes:
- Golden Hills Business Park I, II & III, 5900-6105 Golden Hills Drive, Golden Hills, MN
- Westside Business Park, 800 South 5th Street, Hopkins, MN
Washington, DC-based Artemis Real Estate Partners invests with local operating partners, both established and emerging, in multifamily, office, industrial, retail, hotel, medical office and senior housing across opportunistic, value added and enhanced core strategies.