MINNEAPOLIS, Minn. (November 2016) – Onward Investors, a national commercial real estate investment and development firm, has closed on the sale of City West and 55 West, two Twin Cities office buildings. The properties, which have a combined occupancy of 93 percent, were sold to Dakota REIT for an undisclosed amount.
Onward Investors, which acquires value-add properties in recovering markets throughout the U.S., resolves complex issues to stabilize the properties and derive value for investors.
City West, a 57,191-square-foot office building located at 6500 City West Parkway in Eden Prairie; and 55 West, a 51,019-square-foot office building located at 10405 Sixth Av. N. in Plymouth, Minn. are among a five-part commercial real estate portfolio purchased by Onward in September 2014.
Onward this year 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. for $24,250.000.
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 2.5 million square feet of commercial properties across the United States. www.OnwardInvestors.com