OFFICE PROPERTY

Slide background
Slide background
Slide background
Slide background
Slide background

Purchased in August of 2015, Mendota Heights Office Park is a six-building, 420,000 square foot office portfolio, located in Mendota Heights, Minnesota. The purchase was a 1031 exchange following the sale of Louisiana Oaks Apartments, a 200-unit luxury building in St. Louis Park, Minnesota, and marks the first office acquisition by MSP.

The office properties are currently over 94% leased, with demand indicating that suburban office properties remain an attractive investment. This investment provides diversification to the MSP portfolio and great balance to the multifamily assets throughout Minnesota and Wisconsin.