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Nashville Firm Makes Twin Cities Debut with Purchase of Medical Office

Burnsville, Minnesota, Property Sold for Above-Market Price at $270 Per Square Foot
Ridges Pondview was constructed in 2005 and is part of a large ecosystem of medical offices that sprang up around Fairview Ridges, Dakota County's primary hospital. (CoStar)
Ridges Pondview was constructed in 2005 and is part of a large ecosystem of medical offices that sprang up around Fairview Ridges, Dakota County's primary hospital. (CoStar)
By Clare Kennedy
CoStar News
November 9, 2020 | 4:23 P.M.

A newcomer named Montecito Medical Real Estate has paid $9.95 million for a modest-sized medical office building next to the biggest hospital in Dakota County, Fairview Ridges in Burnsville, Minnesota.

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