MINNETONKA, MINN. — CBRE has arranged the sale of Baker Technology Plaza in Minnetonka for $18.6 million. The five-building, 254,274-square-foot office property is located at 6121 Baker Road. The property was 74 percent leased at the time of sale to tenants including Advanced Imaging Solutions, Element Materials Technology and Anchor Wall Systems Inc. Judd Welliver, Ryan Watts, Sonja Dusil and Tom Holtz of CBRE represented the seller, the Utah State Retirement Investment Fund. Tryperion Partners, a private real estate investment firm based in Los Angeles, purchased the property. The new owners plan to renovate and reposition the property, originally constructed in 1985, with a new name of Baker Tech. Proposed upgrades and amenities — including an on-site bike loan program, food trucks, brewery taproom and outdoor gathering areas — are slated for completion in spring 2018. Jason Simek, Joe Owen and Peter Mork of Colliers International are marketing the property for lease.
Baker Technology Plaza consists of five buildings and 254,274 square feet. New ownership plans to reposition the property as Baker Tech.
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