Tempus Realty Partners Acquires 546,548 Square Foot Office Campus In Hopkins For $66M

Excelsior Crossings is a two-building Class A office campus situated at 9350 and 9380 Excelsior Boulevard in Hopkins, Minnesota, with a total square footage of 546,548. The asset was acquired by Tempus Realty Partners for $66 million, equating to a price per square foot of $121. The property is 98% leased, featuring U.S. Bank as its anchor tenant along with four other corporate headquarters tenants.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $66,000,000
• Buyer: Tempus Realty Partners
• Market: Hopkins, MN
• Square Footage: 546,548
• Price Per Square Foot: $121

This transaction highlights the involvement of Tempus Realty Partners as the buyer, reflecting their strategy of acquiring prime office assets. The acquisition underlines the firm's focus on high occupancy properties with reputable tenants, ensuring stability in their investment portfolio.