Hammes Partners Acquires Eagan Medical Center In Minnesota For $12.75M From Tareen Development Partners

The property involved in this transaction is a medical office located at 1185 Town Centre Drive in Eagan, Minnesota. The property spans approximately 44,000 square feet and was sold for $12.75 million, resulting in a price per square foot of $290.

Summary of transaction details:

• Property Type: Medical Office
• Transaction Amount: $12,750,000
• Address: 1185 Town Centre Drive
• Market: Eagan, MN
• Square Footage: 44,000
• Price Per Square Foot: $290
• Buyer: Hammes Partners
• Seller: Tareen Development Partners
• Broker: Colliers
• Sale Date: August 6, 2026
• Previous Sale Price: $7.8 million
• Previous Purchase Date: December 2024

Tareen Development Partners sold the Eagan Medical Center after having repositioned and rebranded the property since its acquisition. Colliers represented the seller in this transaction, facilitating the sale to an affiliate of Hammes Partners.