Minneapolis

The Woodbury, MN-headquartered company says the expansion will nearly double its current presence in the state.

The firm reports two speculative buildings comprise the final phase of a larger plan to build three buildings at its CLT Logistics Center.

The 12-story 950 Nicollet Mall office block was constructed in 2001 and has been held by Union Investment in its open-ended real estate fund Unilmmo Europa since it was acquired in 2014.

R2 Companies is expanding its Midwest creative office holdings with acquisition of a 525,000 square-foot, 11-building portfolio in downtown Minneapolis & Milwaukee.

The acquisition of ABC is accretive to earnings and part of a plan to consolidate the building products distribution sector on a national scale, says Timothy Meyer, a co-founder and managing partner of Angeles Equity Partners.

The portfolio includes two well-located suburban office warehouse properties in Golden Valley and Hopkins that were 93-percent occupied at the time of sale.

The recently published IRS rules have a lot of people interested.

The campus is fully leased to the State of Minnesota.