GRANDBRIDGE CLOSES $1M SALE OF MINNESOTA OFFICE BUILDING

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BROOKLYN CENTER, MINN. — Grandbridge Real Estate Capital has closed the $1 million sale of Brookdale Towers, a 61,853-square-foot office building in Brooklyn Center, a northern suburb of Minneapolis. Tony Carlson of Grandbridge Real Estate Capital represented the seller, an institutional lender, which had previously foreclosed on the property. Carlson also arranged the acquisition financing for a local buyer. The property was 25 percent occupied at the time of the sale. The new owner plans to improve the property by addressing deferred maintenance and enhancing building aesthetics.

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