Award Staffing Chooses Buying Over Leasing at 10700 Lyndale Avenue South

MINNEAPOLIS—Award Staffing has purchased 10700 Lyndale Avenue South in Bloomington, Minn. for $1.01 million. The company, which outgrew its previous location, will move its 50 employees to the Lyndale building in September where it will occupy approximately 10,000 sq. ft. The new owners will continue to lease the remaining space at the 21,060-sq.-ft. property to RevTrack.

Transwestern’s Minneapolis office closed the deal with Mike Salmen, Mike Honsa and Dan Mueller representing the seller.

The Class B property was constructed in 1969 and includes 2.8 acres as well as surface parking. The property provides easy access to and visibility from Interstate 35 West.

Award Staffing is one of the largest locally owned light industrial and skilled industrial staffing companies in the Twin Cities.

Please or Register to post comments.

Latest poll

Total CMBS Issuance Volume

There has been $30.3 billion in new CMBS issuance to date in 2013, according to Commercial Mortgage Alert. That puts the industry on pace to smash last year’s volume of $48.4 billion and will make 2013 the busiest year for CMBS issuance since 2007. Where do you think total CMBS issuance volume will end up in 2013?

 

Newsletter Signup

NREI Daily Regional Newsletters

Connect With Us
National Real Estate Investor Related Sites