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Twin Cities-area office building sells in 1031 exchange

Joint venture buys fully leased Shoreview property from Eagle Ridge Partners
The Lex, a multitenant office building in Shoreview, Minnesota, was fully leased at the time of the transaction. (CoStar)
The Lex, a multitenant office building in Shoreview, Minnesota, was fully leased at the time of the transaction. (CoStar)
By Jack Quinn with
CoStar Research
June 16, 2026 | 7:59 P.M.

A joint venture between Manna Capital and Kyle Ambrasas acquired The Lex, an office building at 4100 Lexington Ave. in Shoreview, Minnesota, from Eagle Ridge Partners for $18.55 million, or $148.49 per square foot.

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