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Syndicated Equities Acquires Office Property In Minnetonka From Buhl Investors For $23 Million

Property Image
SOLD
$23,000,000

Minnesota

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Office104,647 SF
Sold 10/23/2025
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Property Image
SOLD

Syndicated Equities Acquires Office Property In Minnetonka From Buhl Investors For $23 Million

10900 Red Circle Drive

See Similar Deals
Office104,647 SF
Sold 10/23/2025
the dealplayerscompscontact
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Summary

MINNESOTA
Asset Type:Office
Price Per Square Foot:$219
Total Square Footage:104,647 SF
Transaction Type:Sale

Syndicated Equities acquired an office asset located at 10900 Red Circle Drive in Minnetonka, MN for $23 million. The property encompasses 104,647 square feet and was sold at a price per square foot of $220.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $23,000,000
  • Address: 10900 Red Circle Drive
  • Market: Minnetonka, MN
  • Seller: Buhl Investors
  • Buyer: Syndicated Equities
  • Broker: Colin Ryan - JLL
  • Square Footage: 104,647
  • Price per Square Foot: $220

Buhl Investors sold the property after undergoing renovation and achieving full lease-up to Legrand AV, following their acquisition of the asset for $6.5 million in 2022. The deal was brokered by Colin Ryan from JLL, reflecting a strategic move within the Opus Business Park sector.

Players

Colin Ryan
JLL
Colin Ryan
6 deals$248.7M volume(612) 217-6727
BROKER
JLL
JLL
BROKERAGE
SE
Syndicated Equities
BUYER

Details

SOLD
IMAGE: 10/23/2025 ADDRESS: 10900 Red Circle Drive MARKET: Minnetonka, MN ASSET TYPE: Office BUYER: Syndicated Equities SELLER: Buhl Investors BROKER: Colin Ryan - JLL SALE PRICE: $23,000,000 SF: 104,647 ~ PPSF: $220 NOTE: Buhl Investors sold a 104,647-square-foot flex property at 10900 Red Circle Drive in Minnetonka’s Opus Business Park to Chicago-based Syndicated Equities for $23 million. JLL’s Colin Ryan brokered the deal, which follows Buhl’s renovation and full lease-up to Legrand AV after acquiring the property for $6.5 million in 2022.

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