|
|
Article: Opus unit sells building; The Minnetonka building was sold to an affiliate of CR Richard Ellis Realty Trust.(BUSINESS INSIDER)
- Article from:
- Star Tribune (Minneapolis, MN)
- Article date:
- August 24, 2009
- Author:
CopyrightCOPYRIGHT 2009 Star Tribune Co. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: SUSAN FEYDER; STAFF WRITER
Opus Northwest last week completed the sale of the first phase of Crest Ridge Corporate Center in Minnetonka to an affiliate of CR Richard Ellis Realty Trust. CBRE paid $28.4 million for the 116,000-square-foot office building, according to documents the realty trust filed with the Securities and Exchange Commission.
Syngenta Seeds Inc., a subsidiary of Swiss agribusiness giant Syngenta AG, has leased all of the recently completed building. The company moved in last month, transferring employees who had worked at other locations in the Twin Cities area. The lease runs until June 2019.
The sale is good news for ...