Business & Tech
Maple Grove Business Center Sold For A Whopping $8,420,000
The renovated facility now includes a bike room that allows tenants to store and service their bikes on site.
Maple Grove's Wedgwood Commerce Center has a new owner. Onward Investors announced Wednesday it sold the business center to Atlanta-based WCC Partners, LP for $8,420,000.
Onward purchased the 85,404-sqaure-foot office building February 2015. The company renovated vacant office spaces, made upgrades to the lobby and added amenities including a bike room that allows tenants to store and service their bikes on site.
The property was built in 1988.
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Major tenants include Henningson & Snoxell, PartnerRE America Insurance Company and McKinstry Communications.
The sale of Wedgwood Commerce Center is the latest in a series of moves made by Onward in the Twin Cities. In December 2016, Onward sold City West Financial Center in Eden Prairie and 55 West Financial Center in Plymouth.
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In 2015, Onward sold the Cedar Business Center and Olympia Business Center located in Bloomington, and Eden Woods in Eden Prairie.
Images via Onward Investors
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