Equity investment secured for suburban Minneapolis office asset

One Southwest Crossing, 11095 Viking Drive, Eden Prairie, MN

 

Matthew Schoenfeldt

 CHICAGO, IL,  Dec. 9, 2020 – JLL Capital Markets announced today that it has secured a joint venture equity investment for One Southwest Crossing, a five-story, 246,293-square-foot office building in the Minneapolis-area city of Eden Prairie, Minnesota.

 

JLL worked on behalf of Eagle Ridge Partners to secure the equity investment with Long Wharf Capital. 

The equity will be used for capital improvements and to re-tenant the property after the largest tenant vacates at the end of 2020.

Originally constructed in 1985, One Southwest Crossing offers large floor plates, an open atrium that can accommodate café options and open seating, and abundant on-site parking, all on an 8.3-acre site.

 

Christopher Knight 

The property is located at 11095 Viking Drive in the Southwest submarket, which is the second largest office submarket in the Minneapolis/St. Paul metropolitan area.

 With excellent visibility and access from Interstate 494, the asset is within close proximity to executive housing, abundant retail amenities and the Minneapolis-St. Paul International Airport. 

In addition, One Southwest Crossing is conveniently located along the new Southwest Light Rail Transit Metro Green Line that is set to deliver in 2023.

 

The JLL Capital Markets team representing Eagle Ridge Partners was led by Managing Director Matthew Schoenfeldt, Senior Director Christopher Knight and Senior Managing Director Colin Ryan.

 

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers.

 

Colin Ryan

The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales 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.

 

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CONTACT:

Kristen Murphy

Senior Manager

Public Relations

 Investor Services JLL

One Post Office Square, Suite 3500

Boston, MA 02109

T +1 617 848 1572

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Kristen.Murphy@am.jll.com

 

www.jll.com

www.longwharf.com.