The Northstar Center in downtown Minneapolis is in foreclosure.
The owners of the Northstar Center, along with the adjoining Crowne Plaza Hotel, have defaulted on their mortgage and owe about $64.8 million, according to a public notice published on Saturday.
The Northstar Center, which opened in 1962, is a set of two office towers that also have eateries and other businesses on the skyway level as well as retail on the first floor along with a busy cafeteria space. Northstar East is 13 stories. Northstar West is 17 stories. The hotel has 222 rooms.
The buildings take up a central block in the city's downtown along 2nd Avenue S. between S. 6th Street and S. 7th Street.
The Northstar Center is owned by two entities that are managed by Los Angeles-based real estate investment firm PCCP. The firm purchased Northstar Center in 2007 for a little more than $62 million.
When contacted, PCCP declined to comment Monday.
Last year, there were discussions of converting part of the Northstar Center into an apartment tower. Also in 2016, major tenant Wells Fargo & Co. moved out of the complex to its own new towers near U.S. Bank Stadium.
The original mortgagee was Lehman Brothers Bank, which filed for bankruptcy in 2008. The mortgage is currently held in a trust. The sheriff's sale is scheduled for Jan. 18, 2018.