A 217,000-square-foot office complex in Edina sold this week for $22.35 million. The Braemar Office Park, at 7900 and 8000 78th St. W., sold to an entity related to Portland, Ore.-based investor Felton Properties Inc., according to a certificate of real estate value filed with Hennepin County.
Retrofitting two well-known office buildings in downtown Portland to meet LEED standards has cut energy costs for the properties to below $1.50 per square foot, boosting their appeal for clients seeking scarce space downtown.
A Portland firm has rammed its way into the competitive Minneapolis commercial real estate market. Felton Properties Inc. is buying the 26-story Rand Tower office building in downtown Minneapolis.
Felton Properties Inc., a Portland, Ore.-based real estate investment firm, is buying the 26-story Rand Tower office building in downtown Minneapolis.
Tech companies, including Zulily, have had great success in the 114-year-old building that sits at the corner, and it’s paid off handsomely for different real estate investors over the years with Portland-based Felton Properties being the latest.
Felton Properties Inc. dropped $9.6 million to buy the Tower Colorado, 1720 S. Bellaire St. in Denver, near Interstate 25 and South Colorado Boulevard. The 127,715-square foot, 15-story building was 99 percent occupied at the time of the sale.