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| Optum Campus, a 473,325-square-foot fully leased office campus at 13625 & 13675 Technology Druve in Eden Prairie, MN |
AUSTIN, TX – JLL Capital
Markets announced it has arranged the $26.6 million acquisition loan for
UnitedHealth Group’s Optum Campus, a 473,325-square-foot fully leased
office campus at 13625 & 13675 Technology Dr. in Eden Prairie, Minnesota.
JLL worked on behalf of the borrower, Austin-based Virtus Real
Estate Capital, to place the 10-year, full-term, fixed-rate loan from a CMBS
lender.
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| Doug Opalka |
Completed in 2001, the mid-rise office complex comprises three
buildings that are NNN leased to Optum, a UnitedHealth Group family of
businesses that is powering modern healthcare by connecting and serving the
whole health system across 150 countries.
The
state-of-the-art office campus offers a comprehensive amenity package including
a cafeteria, fitness center, covered parking, auditorium, and impressive glass
lines.
Situated
less than 20 miles southwest of downtown Minneapolis, the suburban office
property is strategically located near the intersection of Interstate 494 and
U.S. Highway 212, allowing for ease of access throughout the metro area via
multiple interstate and highway systems.
Also, in one of the Twin Cities’ largest
suburbs, Optum’s campus is conveniently placed to offer centralized care for
the community and is surrounded by an abundance of desirable neighborhoods and
renowned education systems.
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| Chris McColpin |
The JLL Capital Markets team representing the borrower was led by
Senior Managing Director Doug Opalka, Senior Director Chris McColpin
and Analyst Alastair Barnes.
JLL
Capital Markets is a full-service global provider of capital solutions for real
estate investors and occupiers.
The firm's in-depth local market and global
investor knowledge delivers the best-in-class solutions for clients — whether
investment advisory, debt placement, equity placement or a recapitalization.
The firm has more than 3,700 Capital Markets specialists worldwide with offices
in nearly 50 countries.
About Virtus Real Estate Capital
Virtus Real Estate Capital, founded in 2003, is a
hands-on, data-driven, curious investor that delivers compelling outcomes from
cycle-resilient investments for all stakeholders.
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| Alastair Barnes |
Through thoughtful
evolution and resilience in challenging times, Virtus has purposefully worked
to foster thriving communities that empower people to live better lives.
Over the last 17 years,
it has acquired 242 properties for a combined acquisition value of over $4.2
billion and has fully realized 179 property investments.
With a strong and
established track record, Virtus has proven successful in all phases of the
market cycle. For more information, please visit virtusre.com.
CONTACTS:
Natalie Passarelli
JLL
Senior Associate
Public
Relations
Phone: +1 (224) 477-7307
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