BENTLEYFORBES SELLS OFFICE BUILDING FOR $16M IN MINNESOTA

BLOOMINGTON, MINN. — BentleyForbes has sold its 122,177-square-foot office building in Bloomington, a southern Minneapolis suburb, to Oak Street Real Estate Capital. Industry sources have estimated the value of the deal at approximately $16 million. The property is the corporate headquarters of GN ReSound, a hearing aid technology leader, and is located at 8001 Bloomington Freeway. The sale follows the recent signing of GN ReSound to a long-term lease for 100 percent of the property in March. The single-story property is located on 7.7 acres and includes flexible space featuring an office component, production area, product storage and a training facility. Wesley Kirkham of Wes Kirkham Properties represented BentleyForbes in the transaction.