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Chicago & Midwest  + Midwest  + Office  |  May 1, 2024
Jasmine Kilman
By: Jasmine Kilman

Transwestern Brokers Sale of MN Office Building

Transwestern Real Estate Services has represented ownership in the sale of 3680 Pheasant Ridge Drive NE, a 46,800-square-foot office building in Blaine, Minnesota.

Senior Vice President Eric Rapp, SIOR, represented seller M5 Built Holdings – Blaine, LLC in the sale to East Blaine Community Center. Kate Gillette and Mark Evenson of Avison Young represented the buyer.

East Blaine Community Center, which purchased the building for $4.05 million, plans to fully renovate the building. It will utilize the building’s classrooms and large gathering spaces as a religious community center.

“3680 Pheasant Ridge Drive is located in a great location with high visibility,” said Rapp. “We’re thrilled that the community center will bring new life to the building.” The building was vacant at the time of purchase but was formerly the Minnesota School of Business.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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