MINNEAPOLIS, Minn. (December 2017) – Onward Investors, a national commercial real estate investment and development firm, has closed on the sale of Wedgwood Commerce Center, located at 6900 Wedgwood Road, Maple Grove, Minn.
Onward purchased the 85,404-sqaure-foot Class A office building in February 2015. The company renovated vacant office spaces and made significant upgrades to the lobby, capitalizing on the abundance of natural light. The property was built in 1988.
Additional upgraded amenities include a bike room that allows tenants to store and service their bikes on site.
Major tenants include Henningson & Snoxell, PartnerRE America Insurance Company and McKinstry Communications.
Onward Investors, which acquires value-add properties in markets throughout the U.S., resolves complex issues to stabilize the properties and derive value for investors.
Last year, Onward completed the sale of a five-part, suburban Minneapolis commercial real estate portfolio purchase in September 2014. In December 2016, Onward sold City West Financial Center in Eden Prairie and 55 West Financial Center in Plymouth. Both properties were sold to Dakota REIT. In 2015, Onward sold the three other area office properties in the portfolio — Cedar Business Center and Olympia Business Center located in Bloomington, and Eden Woods located in Eden Prairie — to Alidade Capital of Bloomfield Hills, Mich.
About Onward Investors
Based in Minneapolis, Minn., Onward Investors LLC is a privately held commercial real estate investment and development firm that acquires and improves value-add properties in recovering markets for investors. Since its inception in 2011, the firm has acquired and managed more than 4 million square feet of commercial properties across the United States. www.OnwardInvestors.com