{"id":1004802343,"date":"2026-06-18T05:42:43","date_gmt":"2026-06-18T13:42:43","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004802343"},"modified":"2026-06-18T05:43:43","modified_gmt":"2026-06-18T13:43:43","slug":"opus-group-sells-minneapolis-office-building","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/opus-group-sells-minneapolis-office-building\/","title":{"rendered":"Opus Group Sells Minneapolis Office Building"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a341db0357d3&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-full is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"480\" data-attachment-id=\"1004802344\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/opus-group-sells-minneapolis-office-building\/3701-wayzata-blvd\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/06\/3701-Wayzata-Blvd.jpg\" data-orig-size=\"640,480\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"3701 Wayzata Blvd.\" data-image-description=\"&lt;p&gt;Image from YM&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;The 10-story building went through complete renovations in 2019. Image courtesy of Yardi Matrix&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/06\/3701-Wayzata-Blvd.jpg?w=640\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/06\/3701-Wayzata-Blvd.jpg\" alt=\"Exterior shot of 3701 Wayzata Blvd., an office building in Minneapolis.\" class=\"wp-image-1004802344\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/06\/3701-Wayzata-Blvd.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/06\/3701-Wayzata-Blvd.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">The 10-story building went through complete renovations in 2019. <em>Image courtesy of Yardi Matrix<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Real Capital Solutions has paid $34 million for 3701 Wayzata Blvd., a 309,000-square-foot office building in Minneapolis, <em>Minneapolis\/St. Paul Business Journal<\/em><a href=\"https:\/\/www.bizjournals.com\/twincities\/news\/2026\/06\/17\/west-end-office-real-capital-solutions-opus.html\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"> first reported<\/a>. The Opus Group sold the asset.<\/p>\n\n\n\n<p>The building, which originally served as Prudential\u2019s headquarters campus, previously traded in December 2018. The Opus Group acquired it from Target, according to Yardi Matrix, for $22.1 million.<\/p>\n\n\n\n<p>The giant retailer used to occupy the 10-story building, also previously known as The Target West, before deciding to move its operations to Brooklyn Park, a suburb within the same metro. After that, Opus implemented a renovation and repositioning plan that finished in 2019. At the time of the current sale, the property was 99 percent leased, with tenants including Tactile Medical, Regis and MOBE.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO:<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/at-mid-year-cre-finance-is-stable-amid-volatility\/\">At Midyear, CRE Finance Is Stable Amid Volatility<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>The 1953-completed building is within Minneapolis\u2019 Urban West End neighborhood, close to Interstate 394 and The Shops at West End. Central Minneapolis is within 4 miles away.<\/p>\n\n\n\n<p>The Class A property has floorplates averaging 20,570 square feet and 1,315 parking spaces. Amenities include conference facilities, a fitness center, golf simulator and a caf\u00e9, as well as an outdoor patio.<\/p>\n\n\n\n<p>CBRE Executive Vice Presidents Ryan Watts and Thomas Holtz, Senior Vice President Harrison Wagenseil and Investment Sales Manager Cynthia Fenn were part of the team that represented the seller, according to <em>Minneapolis\/St. Paul Business Journal<\/em>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-twin-cities-office-prices-remain-below-national-average\">Twin Cities office prices remain below national average<\/h2>\n\n\n\n<p>Twin Cities\u2019 office investment volume year-to-date as of April clocked in at $377 million, according to a <a href=\"https:\/\/www.commercialsearch.com\/news\/onward-investors-acquires-960-ksf-minneapolis-building\/\">Yardi Matrix office report<\/a>. Assets in the market traded for $177 per square foot on average, well below the $214 national average, but above nearby Chicago ($107 per square foot).<\/p>\n\n\n\n<p>At the beginning of the year, Onward Investors <a href=\"https:\/\/www.commercialsearch.com\/news\/onward-investors-acquires-960-ksf-minneapolis-building\/\">acquired Ameriprise Financial Center<\/a>, a 31-story office building within Minneapolis\u2019 central business district. The property traded for just $6.3 million, a nearly 97 percent discount from its previous sale price in 2016.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The property previously served as a Target campus.<\/p>\n","protected":false},"author":3355,"featured_media":1004802344,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,13,36076,21742,21747],"tags":[37909,33142],"class_list":["post-1004802343","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-midwest","category-minneapolis-st-paul","category-latest","category-office","tag-real-capital-solutions","tag-the-opus-group"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Opus Group Sells Minneapolis Office Building - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Real Capital Solutions has paid $34 million for 3701 Wayzata Blvd., a 309,000-square-foot office building in Minneapolis.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/opus-group-sells-minneapolis-office-building\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Opus Group Sells Minneapolis Office Building\" \/>\n<meta property=\"og:description\" content=\"Real Capital Solutions has paid $34 million for 3701 Wayzata Blvd., a 309,000-square-foot office building in Minneapolis.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/opus-group-sells-minneapolis-office-building\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2026-06-18T13:42:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-06-18T13:43:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/06\/3701-Wayzata-Blvd.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Vicentiu Fusea\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/opus-group-sells-minneapolis-office-building\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/opus-group-sells-minneapolis-office-building\/\",\"name\":\"Opus Group Sells Minneapolis Office Building - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/opus-group-sells-minneapolis-office-building\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/opus-group-sells-minneapolis-office-building\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/06\/3701-Wayzata-Blvd.jpg\",\"datePublished\":\"2026-06-18T13:42:43+00:00\",\"dateModified\":\"2026-06-18T13:43:43+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/6f90c90d1e85956f06679ddabc844412\"},\"description\":\"Real Capital Solutions has paid $34 million for 3701 Wayzata Blvd., a 309,000-square-foot office building in Minneapolis.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/opus-group-sells-minneapolis-office-building\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/opus-group-sells-minneapolis-office-building\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/opus-group-sells-minneapolis-office-building\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/06\/3701-Wayzata-Blvd.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/06\/3701-Wayzata-Blvd.jpg\",\"width\":640,\"height\":480,\"caption\":\"The 10-story building went through complete renovations in 2019. 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