Just Listed brings you the latest news and information from the Twin Cities-area commercial and residential real estate market and beyond from veteran reporters Jim Buchta and Janet Moore.

Buildings leased to Cargill sell for $123 million

Posted by: Janet Moore Updated: December 10, 2013 - 6:32 PM

CBRE said Tuesday that two buildings leased by Cargill Inc. on Excelsior Boulevard in Hopkins were sold to a California firm for $123 million.

The seven-story buildings at Excelsior Crossings are part of a three-building corporate campus currently leased to Cargill, the nation's largest privately held company. CBRE represented the seller, Real Estate Capital Partners on behalf of IVG Funds GmbH, a German firm.

Cargill has occupied the buildings, located at 9350 and 9380 Excelsior Boulevard, since they were completed in 2008 and 2009. The two buildings span more than 500,000 square feet.

Janet Moore covers commercial real estate for the Star Tribune.

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