Basir Tareen Of Tareen Development Partners Acquires Medical Office In Eagan For $7.8M

The medical office property located at 1185 Town Centre Drive in Eagan, MN, has been sold for $7.8 million. This asset encompasses an area of 43,640 square feet and sits on 3.19 acres. The property was originally built in 2000 and is situated in a developing market.

Summary of transaction details:

• Property Type: Medical Office
• Transaction Amount: $7,800,000
• Address: 1185 Town Centre Drive
• Market: Eagan, MN
• Square Footage: 43,640
• Price Per Square Foot: $179
• Buyer: Basir Tareen - Tareen Development Partners
• Seller: Town Centre Eagan LLC
• Brokers: Cory Villaume & Matt Hazelton - JLL

Tareen Development Partners has acquired Town Centre Plaza with intentions to rebrand it as Eagan Medical Center. The new owners plan to improve the existing building and seek to attract a leading medical group to achieve full occupancy in the property.