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Hines REIT acquires office/flex portfolio around Minneapolis

The Minneapolis office of Hines, the international real estate firm, announced that Hines REIT has acquired an office/flex portfolio comprised of nine buildings, located predominantly in the southwest suburban submarket of Minneapolis, from a joint venture of First Industrial REIT and CalSTERs. The buildings total 766,240 square feet, and are in located in infill locations in Eden Prairie, Bloomington, Hopkins, St. Paul, and Golden Valley. The seller was represented by CB Richard Ellis, and Hines represented Hines REIT. Hines is the sponsor of Hines REIT, and is responsible for the management and leasing of its assets.



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