After being bought for $200M in 2016, Minneapolis office tower sells for reported $6.25M - At least part of Ameriprise Financial Center could be converted into non-office use.

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After being bought for $200M in 2016, Minneapolis office tower sells for reported $6.25M - At least part of Ameriprise Financial Center could be converted into non-office use.

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Minneapolis office tower sells for $6.25 million, down from $200 million

Share This StoryA 31-story office building in downtown Minneapolis that sold for $200 million in 2016 has been acquired by new owners for just $6.25 million, according to multiple reports. Onward Investors purchased the 960,000-square-foot Ameriprise Financial Center located at 707 2nd Avenue South. The building was constructed in 2000. Minneapolis-St.Paul Business Journal first reported the sale price, noting that the $6.25 million figure repre…

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Minneapolis tower sold for $6.25M in 97% discount deal

Just a little over a month after it announced the purchase of the Wells Fargo Center, Onward Investors announced another acquisition of a office building in downtown Minneapolis, the Ameriprise Financial Center, according to a press release.

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Onward Investors Purchases Downtown Minneapolis Office Tower at Massive Discount, Mulls Repositioning

MINNEAPOLIS — Onward Investors has acquired Ameriprise Financial Center, a 31-story office tower located at 707 2nd Ave. S in downtown Minneapolis. The 960,000-square-foot building has served as the corporate headquarters of Ameriprise Financial since its construction in 2000. Ameriprise Financial announced in 2022 that the company would be vacating the property in order to consolidate its headquarters at another building in downtown Minneapolis…