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Prudential Sells, Leases Back 351,182 SF

PLYMOUTH, MN-CB Richard Ellis helps close the sale of a 351,182-sf facility to Lend Lease Real Estate Investments. Prudential Insurance Co. of America stays at the property at 3033 Campus Dr. as lessor.

By Jim McCartney | Updated on May 04, 2001

PLYMOUTH, MN-The Northwest Business Campus was recently sold in a sales-leaseback deal put together by the Twin Cities office of CB Richard Ellis. PrudentialInsurance Co. of America sold its 351,182-sf facility on a 19-acre site at 3033 Campus Dr., at the crossroads of Highway 55 and Interstate 494 to Lend Lease Real Estate Investments, and is leasing it back.

The CB Richard Ellis brokers who handled the sale-lease-back for Prudential were Steven Buss, Thomas Holtz, and Brian Helmken. Buss and Holtz recently completed a sale-leaseback of Waddell & Reed’s 206,284-sf corporate campus in Overland Park,KS, with assistance from Dan Carr in the CB Richard Ellis Kansas City office.

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