City Center Realty Partners Acquires 320,000 Square Foot Office Building in Downtown Minneapolis Business Wire SAN FRANCISCO -- February 21, 2013 City Center Realty Partners, LLC (CCRP), a San Francisco-based real estate investor and developer, in a partnership with Angelo, Gordon & Co. today announced its acquisition of a 320,000 square foot office building in downtown Minneapolis. The office building occupies floors 18-36 of the Plaza Seven mixed-use tower located in the Nicollet Mall corridor and connected to the city’s skyway system. The acquisition includes the building’s heated underground garage with 315 parking spaces. The property at 45 South Seventh Street represents CCRP’s third asset in Minneapolis and the latest addition to the company’s national portfolio. Its other properties in the city are the 350,000 square foot TractorWorks building and the former Superior Plating site, a five and a half-acre parcel of land acquired last June. “City Center Realty Partners is thrilled to add this prime property to our growing portfolio of assets throughout the country,” said Sigurd Anderson, Founding Partner with CCRP. City Center Real Estate Services, an affiliate of CCRP, will manage the new property, with Jones Lang LaSalle leasing the office space. In addition to the office building, the Plaza Seven tower includes retail and a hotel, which is undergoing renovations to become a Radisson Blu. CCRP plans to undertake an extensive elevator modernization project for the building, as well as making other building improvements. Over the past few years, CCRP has acquired significant properties in Las Vegas, Denver and Emeryville, California, adding to the company’s numerous properties in the United States. About City Center Realty Partners City Center Realty Partners, LLC specializes in the development, redevelopment and acquisition of urban real estate, including more than $800 million of retail, office and mixed used product over the last twelve years. The Company develops innovative solutions for this unique investment niche based on its market knowledge, development expertise, and tenant relations. A flexible, responsive and action oriented approach allows City Center Realty Partners, LLC to maximize value in each of its projects. For more information visit www.ccrpllc.com About Angelo, Gordon & Co. Angelo, Gordon & Co. is a privately-held registered investment advisor dedicated to alternative investing. The firm was founded in 1988 and currently manages approximately $25 billion. Contact: for City Center Realty Partners, LLC Maureen Futtner, 415-637-3280 firstname.lastname@example.org or Eric Anderson, 612-339-6400 email@example.com
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City Center Realty Partners Acquires 320,000 Square Foot Office Building in Downtown Minneapolis
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