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Tremendous bidding activity for flex property in Minnesota

A California investment company and a local private equity group overcame “tremendous bidding activity” to cinch the $18.6 million deal for the Baker Technology Plaza in Minnetonka. Los Angeles-based Tryperion Partners and Capital Partners of Minneapolis are the new owners of the five-building, 254,274-square-foot flex complex. The 32-year-old property, with addresses from 5909 to 6121 Baker Road, is in the northwest quadrant of the interchange of Interstate 494 and Highway 62.

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