Edina Business Plaza Sells for $12.8 Million
Edina Business Plaza, located at 7550 France Avenue South, was sold to The Ackerberg Group earlier this summer in a $12.8 million deal. Newmark Knight Frank represented the sellers, Edina Business Plaza LLC and SH Commercial Real Estate Services, and brokered the deal with The Ackerberg Group. The largest tenant in the Edina Business Plaza is Coldwell Banker Burnett.
The Ackerberg Group is a Minneapolis-based commercial real estate firm and has been very active this summer, acquiring three different office properties earlier in June. Ackerberg originally focused on properties in the Minneapolis and Uptown area, but has since expanded to various suburbs of Minneapolis, including Bloomington and Minnetonka. Ackerberg’s CEO hopes to have something unique to offer by focusing on suburban office space, seeing future potential in the suburbs. The recently acquired properties are in various parts of the Twin Cities, including Northeast Minneapolis, Minneapolis’ commercial corridor, and Edina.
The attorneys at Wilkerson & Hegna have knowledge and experience handling all matters related to real estate, including acquisition, financing, development, leasing and sale of personal and commercial properties. We understand the importance of successful real estate transactions and are happy to help with any of your real estate needs.