MINNEAPOLIS-An entity owned by New York-based MetLife has taken back Fifth Street Towers, an office complex comprising 1.1 million square feet at 100 and 150 South Fifth St. in downtown Minneapolis, in a deed-in-lieu of foreclosure deal. London-based Strategic Real Estate Advisors was the previous owner of the property.
StratReal purchased the property in October 2007 for $186.4 million. Details of the deal were not revealed. Hennepin County has valued the complex at $112.3 million. For the full story, go to Minneapolis/St. Paul Business Journal .
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