MINNEAPOLIS-City Center Realty Partners, LLC a San Francisco-based real estate investor and developer, has just partnered with a fund managed by New York-based DRA Advisors LLC to acquire the 450,000 square foot Wells Fargo Plaza in southwest suburban Bloomington.
The office complex consists of a 24-story tower and a 3-story plaza building sitting on about 17 acres near the I-494 & France Ave. corridor. It includes a heated underground garage with 100 parking spaces and an additional 1,700 surface parking stalls.
The property, at 7900 Xerxes Ave. represents CCRP's fourth major purchase in the metropolitan region. Previously, they purchased the 350,000 square foot TractorWorks, an industrial building, and in June 2012, it picked up the former Superior Plating site, a former factory near downtown on more than 5 acres.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
