CHS Inc. Repurchases Office Building In Inver Grove Heights From Truist Financial

An office building located at 5500 Cenex Drive in Inver Grove Heights, MN, was recently involved in a transaction. The property, classified as a class B office space, was sold by Truist Financial to CHS Inc. for $48.8 million.

Summary of transation details:

• Property Type: Office
• Transaction Amount: $48,800,000
• Address: 5500 Cenex Drive
• Market: Inver Grove Heights, MN
• Buyer: Jay Debertin - CHS Inc.
• Seller: Truist Financial
• Broker: Jim Vos - Cresa

CHS Inc. has repurchased the office building mentioned above for $48.8 million, six years after originally selling it in a sale-leaseback deal. The property was initially sold for $55 million to SunTrust Robinson Humphrey, which later became Truist Financial. The recent transaction took place at a price $6 million lower than the original selling price.