Detroit firm buys Riverplace office complex in Minneapolis
Sale and future renovations involve four Main Street buildings on banks of Mississippi River
December 28, 2020 — 4:01pm
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Terms were not disclosed.
The purchase includes four buildings that sit on four acres right on the Mississippi River and across from downtown Minneapolis
The transaction was completed Dec. 22 by private equity firm Crestlight Capital of Detroit and its partner, the investment firm Harbert U.S. Real Estate Fund VII of Birmingham, Ala.
The deal, which does not include neighboring residential towers, encompasses the East Bridge office building at 10 NE. 2nd Street and the three office buildings on Main Street that sit just south of Hennepin Avenue. Those include 1 SE. Main Street; the Brown Ryan Building at 25 SE. Main Street and the glass roofed Expo Hall at 43 SE. Main Street.