National + Minnesota + Office | January 27, 2020

Bridge Enters Twin Cities with Office Deal

Bridge Investment Group entered the Twin Cities market with its acquisition of West End Office Park (WEOP), a 568,000-square-foot, six-building office portfolio in the Minneapolis suburb of St. Louis Park. MN. Deal terms weren’t disclosed. Seller Excelsior Group traded the complex after a five-year hold.

During its ownership period, locally-based Excelsior made more than $27 million in capital improvements at WEOP, which was originally developed between 1968 and 1980. Bridge plans to continue investing significant capital across the campus to maximize tenant satisfaction, attraction and retention.

WEOP has retained 82% of its tenants since Excelsior acquired it in 2015, and currently is 86% occupied. Its tenant roster includes HealthPartners, nVent, Horizontal Integration and CoBank.

“By applying Bridge’s proven business strategy, we are confident that WEOP will cement its position as the premier suburban office destination for years to come,” said Nicholas Nigro, director at Atlanta-based Bridge.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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