Banks Building, acquired in 2015, is a six story office building constructed in 1905 and extensively renovated in 2001. Located in Northeast Minneapolis, this property is adjacent to both Downtown Minneapolis and the Mississippi river. Banks Building is composed of 137,000 sq. ft. of rentable area. An on-site surface parking lot contains 222 stalls for a ratio of 1.63 stalls per 1,000 sq. ft.
The Itasca Building, acquired in 2015, is a four story office building constructed in 1906 and renovated multiple times over the past two decades. Located in the North Loop neighborhood of Minneapolis, this brick and timber building is less than a half block away from the Mississippi River. The Itasca Building is composed of 80,000 sq. ft. of rentable area with most tenants being creative office users. A surface parking lot, across the street, contains...
The IDC Building, acquired in 2015, is a four story office building constructed in 1930 and extensively renovated in 2002. Located in the Northloop neighborhood of Minneapolis, this property offers excellent access to transit, bike paths, retail amenities, and downtown Minneapolis. The IDC Building is composed of 67,000 sq. ft. of rentable area with high-end retail tenants occupying the first floor.
A net leased 350,000 square foot industrial facility at 1301 Industrial Boulevard in Northeast Minneapolis was acquired by SR Realty Trust. The building is located on a 20.45-acre parcel in the heart of the Mid-City Industrial Park in NE Minneapolis. It was built in 1970 and features 22′-26′ clear heights, 33 loading docks, and less than 5% office finish. Additionally, the site contains approximately 300,000 square feet of outdoor storage area. 1301 Industrial Blvd was...
SR Realty Trust is pleased to announce the successful acquisition of Lee Lofts Apartments, a 24-unit multifamily complex in Minneapolis’ Warehouse District. Lee Lofts was originally built in 1906 and converted to loft-style apartments in the 1960s. The seller of the property also completed a full renovation of the property in 2015, which includes new stainless-steel appliances, quartz island countertops, new lighting fixtures and new windows. The property has historically operated at or near full...