Chicago billionaire Sam Zell buys the Normandale Lake Office Park in Bloomington, MN for $268 million



Zell closes on Normandale Office Park deal; price higher than expected

Minneapolis / St. Paul Business Journal by Sam Black, Senior reporter
Date: Thursday, August 30, 2012, 5:04pm CDT

Chicago billionaire Sam Zell closed Thursday on his deal to buy the Normandale Lake Office Park in Bloomington.

Zell and other partners in a joint venture spent $268 million to buy the property, according to a source familiar with the deal. That’s a bit more than the $255 million for which Twin Cities real estate experts said in June they expected the complex to sell.

Click here for full article and photos in the Minneapolis / St. Paul Business Journal

****************************************

To search for business parks and industrial parks in the U.S. visit Global Business Parks at:
Search Business and Industrial Parks in the U.S.





Leave a Reply

You must be logged in to post a comment.