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Lone Star Sheds Edina, Minnesota, Office Acquired in Massive 2015 Purchase

Property Passes Back Into Local Hands Through Sale
Lone Star Real Estate spun off dozens of office properties it acquired, such as Interlachen, in 2015 when Investors Real Estate Trust began purging its portfolio of all but multifamily properties. (CoStar)
Lone Star Real Estate spun off dozens of office properties it acquired, such as Interlachen, in 2015 when Investors Real Estate Trust began purging its portfolio of all but multifamily properties. (CoStar)
By Clare Kennedy
CoStar News
September 19, 2019 | 9:47 P.M.

Real estate investment firm Wildamere Properties and a partner have paid $15.5 million for the Interlachen Corporate Center Edina outside of Minneapolis, offering a healthy return for the seller that was buying in bulk when it acquired the property four years ago.

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