ST. PAUL, MN—SARA Investment Real Estate, an investment and brokerage company based in Madison, WI, has lately been expanding throughout the Midwest region, and it just boosted that profile a bit more by purchasing River Park Plaza, an eight-story office building located along the Mississippi River in St. Paul, MN. The purchase is SARA's first acquisition in the St. Paul market.

“We currently are evaluating projects throughout the Midwest,” Traci Dalsin, president of SARA, tells GlobeSt.com. And “from its high-quality tenants to its highly-desirable location, 10 River Park Plaza will serve as a great addition to our growing portfolio in the Twin Cities region. Its iconic views and recognizable façade are a testament to the level of care provided by its previous owner; this is a strong asset for our investment partners and an accurate representation of the caliber of properties we pursue.”

The 328,947 square foot building at 10 River Park Plaza currently is 88% occupied by high-quality office tenants such as the St. Paul Pioneer Press, Comcast and Gillette Children's Specialty Healthcare. Recent enhancements include an upgraded lobby and common area, as well as improvements to the location's shared conference rooms and fitness center.