Manna Capital Acquires The Lex Office Building In Shoreview Minnesota For $18.55M

Manna Capital has acquired an office building located at 4100 Lexington Avenue North in Shoreview, Minnesota, for $18.55 million. The asset spans 124,925 square feet and has a price per square foot of $148. The property is 94% leased and was originally built in the 1970s, with recent renovations. It is anchored by tenants including Alerus Bank and Great Waters Financial.

This transaction reflects Manna Capital's strategy of targeting stabilized suburban office demand in Minnesota, with plans to retain the property as a long-term hold.