State Of Minnesota Acquires 15-Acre Site In Roseville From Wellington Management For $13.42M

The property asset involved in this transaction is a 15-acre site located at 1500-1550 Highway 36 West in Roseville, MN. The transaction was completed for a sale price of $13,420,000. The new owner intends to demolish the existing building on the site to construct a multipurpose facility for the Minnesota State Patrol headquarters, with construction anticipated to commence in fall 2026 following a year-long design phase.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $13,420,000
• Buyer: The state of Minnesota
• Seller: Wellington Management Co & Dennis Properties LLC
• Market: Roseville, MN
• Acres: 15

The key individuals involved in this transaction include The state of Minnesota as the buyer and Wellington Management Co & Dennis Properties LLC as the sellers. The deal marks a significant investment by the state to enhance public services through the establishment of a new facility.