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Bridge Investment Acquires Minneapolis-Area Offices from Colony
Bridge Investment Group’s office subsidiary Bridge Office has acquired Excelsior Crossings, a pair of seven-story, Class A office buildings spanning 508,590 square feet and located at 9380 and 9350 Excelsior Blvd. in Hopkins, MN, near Minneapolis. The purchase price wasn’t disclosed.
Excelsior Crossings is centrally located between the 494 and 394 corridors, which is home to numerous corporate headquarters and strategic facilities for Fortune 500 companies, placing the property in the middle of large corporate users. The Southwest Light Rail Green Line, which will run in front of the campus, is scheduled to open in 2023.
“Excelsior Crossings is a high-quality asset that has been designed with tenant and employee productivity in mind, which will be paramount as companies consider their reentry plans,” said Jeff Shaw, CEO at Bridge Commercial Real Estate, Bridge’s office operating company.
Tom O’Brien with Cushman & Wakefield Capital Markets represented the seller, Colony Capital.
- ◦Sale/Acquisition
