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Pioneer Acquisitions Acquires 900K-SF Office Portfolio in Minneapolis
Pioneer Acquisitions, a Rye, New York–based real estate investment firm, acquired two office towers in downtown Minneapolis, Minnesota.
The firm purchased 100 Washington and 111 Washington, along with an 870-stall parking ramp. The transaction marks Pioneer’s first investment in the Twin Cities market. The two buildings, comprising more than 900,000 square feet combined, are situated in the heart of Minneapolis’ Gateway District, bridging the Central Business District and the North Loop.
Pioneer plans to refresh and modernize existing amenity areas, including the tenant lounge and
ground-level terrace at 100 Washington, while enhancing the building through sustainability improvements. The firm has engaged Cushman & Wakefield to handle leasing and property management services. CBRE’s Ryan Watts represented the seller.
“We were drawn to the quality of the buildings, their array of amenities, and the opportunity to invest in a market we believe has tremendous long-term potential,” said Pioneer Principal and Co-Founder James Peterson.
