Jun
08
Mixed-Use Tower in Minneapolis CBD Changes Hands
ByFranklin Street Properties has acquired the office and underground parking components of the 36-story high-rise.
Plaza Seven, Minneapolis
Minneapolis—Franklin Street Properties Corp. has acquired the office and underground parking components of Plaza Seven, a 36-story, Class A mixed-use tower in downtown Minneapolis, from a partnership between City Center Realty Partners and Angelo, Gordon & Co., for $82 million.
Located at 45 S. 7th St., strategically positioned within the core of the Minneapolis Central Business District, the tower also includes a 360-room Radisson Blu hotel on floors 1-17 that was not part of the acquisition.
The office component consists of approximately 325,796 rentable square feet and comprises floors 18 through 36, including 311 underground parking stalls…
