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Ryan Cos.-linked entity buys Minneapolis building for $33M

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Ryan Cos.-linked entity buys Minneapolis building for $33M

A Ryan Cos. US Inc.-linked entity purchased the WoodLake Centre at Richfield in Minneapolis for $33 million from Los Angeles-based investor Laurus Corp., the Minneapolis / St. Paul Business Journal reported, citing a certificate of real estate value.

The 190,000-square-foot building at 6601 Lyndale Ave. S sits on a 4.55-acre site and also includes a 758-stall parking ramp. The asset is 87% leased to BMO Harris Bank, Metro Dentalcare, Allina Health System and a Houlihan's restaurant, the March 18 report added.

The property previously changed hands in 2014 for $20.3 million, the publication added, citing Hennepin County property records.

Cushman & Wakefield represented the seller.