Thursday, August 9, 2012

IDS Center could fetch $300M, depending upon credit of law firms

Inland American Real Estate Trust has nearly $300 million already invested in Minneapolis' IDS Center. Whether or not it can get a price close to that figure depends significantly on how buyers view the credit-worthiness of the law firms on its rent rolls. Oak Brook, Ill.-based Inland announced Thursday that it had hired Chicago-based HFF Inc. to begin marketing for sale the 57-story, 1.4-million-square-foot complex, which is located on the heart of Nicollet Mall in downtown. Click here to read?

Source: http://feeds.bizjournals.com/~r/twincities_blog_realestate/~3/mW-WACpj1hw/ids-inland-law-firms-300m.html

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