The TractorWorks building, a signature commercial structure and parking ramp in the North Loop, has sold for $54.8 million.
TractorWorks LLC, an entity related to New York-based Goldman Sachs, purchased the renovated historic building from City Center Retail/AG 800 Washington LLC. The City Center Retail group is tied to City Center Realty Partners LLC and New York-based Angelo Gordon & Co., according to a certificate of real estate value.
City Center Realty is a real estate investment firm specializing in development, redevelopment and the acquisition of urban real estate. It's based in San Francisco, but has strong ties to the Twin Cities.
Nationwide, the firm says it has developed and acquired more than $800 million of retail, office and mixed-use properties, spanning more than 3 million square feet.
The 1910 structure, which has Richardsonian and Romanesque architectural details, was purchased by the City Center group in 2008 for $27 million. A former John Deere factory, it now features offices plus the Be'wiched Deli, Bar la Grassa and the North Loop Fitness Center.
JANET MOORE
