Hawaii-based James Campbell Co. has purchased the Rand Tower in Minneapolis for $30.08 million from Falcon Real Estate Investment Co.
Falcon was represented in the deal by Tom Holtz, Steve Buss and Ryan Watts of CB Richard Ellis.
The six-story building is located at 12700 Whitewater Dr. and sits on 6.2 acres. Built in 1998, it contains 152,220 square feet and is currently 100 percent occupied by Cargill, Inc., an international provider of food, agricultural and risk management products and services.
Buss is a senior vice president of the Investment Properties Group and has been with CBRE since 1995. He recently brokered the $49 million sale of the Shoreview Corporate Center in Minneapolis.
Holtz joined CB Richard Ellis in 1979 and is an executive vice president specializing in major investment transactions for single-tenant and multi-tenant office and industrial properties. In August, Holtz finalized the $180 million sale of the Fifth Street Towers in Minneapolis.
Address: 12700 Whitewater Dr., Minnetonka, Minn.
Size: 152,220 square feet
Built: 1998
Filed Under: Office