CTMT ARRANGES TWO FLEX SALES TOTALING 110,798 SQUARE FEET

MINNEAPOLIS AND INDIANAPOLIS — Colliers Turley Martin Tucker (CTMT) has arranged the sale of two flex properties. In the first transaction, the firm’s Twin Cities office brokered the $5.1 million sale of Phillips Eco-Enterprise Center, a 57,609-square-foot, multi-tenant office and industrial building located at 2801 21st Ave. in Minneapolis. David Stokes and Bradley Brown of CTMT represented the buyer, Wellington Management. The seller was undisclosed. In the second transaction, CTMT’s Indianapolis office brokered the sale of Fortune Park 14, a 53,189-square-foot flex office building located in Indianapolis. CTMT’s Rebecca Wells, David Moore and Darrin Boyd represented the seller, Professors Capital. The buyer was Fortune Park 14 LLC, a partnership led by Tom Frank of Summit Realty Group. The acquisition price was not disclosed.