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City Center Realty in JV With Contrarian Capital Sells Edina, MN Office Building

Developer City Center Realty Partners, in a joint venture with Contrarian Capital Managment has sold a 45,277-square-foot office building in Edina, MN to investment group O’Shaughnessy Holding Company (OHC).  

The Class A building is part of the three-building, 11-acre office complex called The E, and is located at 7151 Metro Blvd. off Highway 100. The property provides immediate access to major highways and is a short distance to downtown Minneapolis. Brent Erickson at Newmark represented the seller and Brian Ginkel at JLL represented the buyer. 

“Our company was looking for a signature property that would accommodate our growth,” said David Baer, COO of OHC. “We appreciate the vision and cooperation of CCRP and Brian Ginkel in helping us secure this great building.” 

CCRP retains ownership of the other two office properties at The E, both of which recently underwent extensive renovations. In 2021, the developer completed a full makeover of The E’s nine-story, 105,000 square foot anchor building.  

That $7.5-million renovation modernized the property with an urban-inspired design and premium amenities. The building is now 50% leased, with companies including Mitsubishi HC Capital America, Relievant Medsystems and Employer Solutions Group. PCL Construction fully leases the third building at The E. 

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About Ted Jackson

A highly successful financial journalist, corporate financial writer and magazine entrepreneur with strong expertise in writing on fixed income and pass-through securities (ABS), finance and banking, the economy, economic developments, financial markets, investing and personal finance, the business of behavioral healthcare and more.

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