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Arch Street Enters Twin Cities Market, Picks Up Four-Building Portfolio
Greenwich, CT-based Arch Street Capital Advisors acquired the Lafayette Park Office Campus in the Minneapolis/St. Paul MSA on behalf of an institutional client. The 677,514-square-foot property was sold by New York-based Ladder Capital.
The four-building portfolio is 100% leased to the State of Minnesota on a long-term basis. Strategically located near the Minnesota State Capitol complex, the portfolio has served as the headquarters for four state agencies since the mid-1980’s.
“We are pleased to enter the Minneapolis/St. Paul office market with the purchase of a high-quality, fully-leased Portfolio like Lafayette Park” said Damian Taylor, senior vice president at Arch Street Capital Advisors. “We continue to seek quality long-term, single-tenant, net lease office assets on behalf of our institutional clients.”
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition
