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Shorenstein Properties Pays $205.5M for Minneapolis City Center

Brookfield Office Properties Sells 1.3M-SF 33 South Sixth
November 28, 2012
Shorenstein Properties LLC acquired the 33 South Sixth office building in Minneapolis, MN for $205.5 million, or about $153 per square foot, from Brookfield Office Properties, Inc. (NYSE: BPO).

The 50-story, 1.35 million-square-foot, class A office building, which was delivered in 1983 and renovated in 2005, is located at 33 S 6th Street at Minneapolis City Center. Target Corp. anchors the building with 72 percent of the office space. The deal also included a 687-space parking garage.

Eastdil Secured handled the sale for Brookfield. Shorenstein was represented in-house.

Please see CoStar COMPS #2602654 for more information on this transaction.
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