The Minnesota Valley Surgery Center in Burnsville, one of 17 metro-area clinics operated by Twin Cities Orthopedics, recently changed hands.
Harrison Street Real Estate Capital of Chicago paid $37.8 million for the building at 1000 W. 140th St. The property was built in 2006 and recently was expanded.
The purchase price represents a considerable premium over the building's most recent assessed value of about $8.6 million, according to Dakota County property records.
The seller was an affiliate of Twin Cities Orthopedics, which will continue to lease the building, according to documents filed with the county.
New homes for Lakeville
The site of a large housing development in Lakeville that stalled during the recession has a new owner.
K. Hovnanian Homes recently purchased the 49-acre property, which at one time was owned by Country Joe Homes but went back to the lender during the housing market downturn.
A purchase price was not disclosed for the property, at 179th Street near Flagstaff Avenue. It had been marketed at about $1.3 million by the local office of CB Richard Ellis.
The new development is called Autumn Meadows and will consist of 88 single-family homes, with prices starting in the low $300,000s. The development is in the Farmington School District, according to the builder's website.
