Northpond Partners Acquires Two Minnesota Commercial Properties For $15.65 Million From CCRE LLC And Premiere Real Estate Holdings

The transaction involves the sale of two commercial properties located at 2113-2149 Cliff Road in Eagan and 14045 Lake Drive Northeast in Columbus, Minnesota. The total sale price for these assets is $15,650,000. The commercial asset spans 29.26 acres, and consists of a total square footage of 56,786, making the price per square foot $276.

Summary of transaction details:

• Property Type: Commercial & Industrial
• Transaction Amount: $15,650,000
• Buyer: Northpond Partners; Premiere Real Estate Holdings I LLC
• Seller: CCRE LLC; NM Equip LP
• Square Footage: 56,786
• Sale Price: $15,650,000
• Market: Eagan & Columbus, MN
• Acres: 29.26
• Broker Representatives: Amy Senn, Bryce Thompson, Joe Girardi & Eric Geskermann - Mid-America Real Estate Group

In this transaction, the Cedar Cliff Center in Eagan was acquired by Northpond Partners from CCRE LLC for $10.15 million, while NM Equip LP purchased a 25-acre industrial property in Columbus from Premiere Real Estate Holdings I LLC for $5.5 million. This deal was facilitated by the brokerage team from Mid-America Real Estate Group.