Ridge Point Medical Building Sold to Duluth Developer

A medical building in Burnsville was recently acquired by a real estate company on the north shore.

The AtWater Group bought the Ridge Point Medical Building (14050 Nicollet Avenue South) in Burnsville from Ridge Point Holdings LLC for $5.7 million, the Delano Herald Journal reports. The 38,000-square-foot building sits across from Fairview Ridges Hospital. As of late April, it was 80 percent occupied. Metropolitan Pediatrics Specialists is the building's anchor tenant. 

AtWater is based in Duluth. The company manages more than 750,000 square feet of commercial, retail, and industrial space. It has recently made several inroads into the Twin Cities market.