Cargill Offices in MN Sell for $26 Million

Minnesota Real Estate Journal -September 17 2003

Falcon Real Estate Advisors entered the Twin Cities market with the recent purchase of 12700 Whitewater Drive in Minnetonka for $25.95 million. The 148,220 square foot Class A office building near the intersection of Interstate 494 and Highway 62 is 100 percent occupied by Cargill Inc., the largest private company in the United States with annual revenue of $50.8 billion for the fiscal year ending 2002.

Built in 1998, the building is the flagship property in Cargill's 375,000 square foot Crosstown Campus. The seller, Tower Fund, was represented by CB Richard Ellis. The Tower Fund is a commingled equity real estate fund managed by Morristown, New Jersey-based SSR Realty Advisors Inc. Sphere: Related Content