NEWSROOM
The secret to office sector success? For Redline Property Partners it’s about the draw of urbanized suburbia
Redline Property Partners is seeing plenty of success with its office projects, operating several in Minnesota and the Carolinas that boast low vacancy rates and quality tenants.
REDLINE PROPERTY PARTNERS ASSUMES ASSET MANAGEMENT ROLE FOR ICONIC ANDRUS BUILDING IN DOWNTOWN MINNEAPOLIS
Redline Property Partners, a leading real estate investment, development and management firm, announced today its new role as asset manager of the iconic Andrus building in downtown Minneapolis. Previous owners renovated the sky-connected, 140,000-square-foot building several years ago, and Redline said it will execute on the new owner’s vision to continue investing in The Andrus with capital improvements that include additional amenities and a spec suite program.
NEW OWNERSHIP PROMISES CONTINUED INVESTMENT IN HISTORIC BARREL HOUSE BUILDING, AN ADAPTIVE REUSE OFFICE PROJECT IN THE MINNEAPOLIS MILL DISTRICT
Following a sale to new ownership last year, real estate investment and management firm Redline Property Partners announced today that it will remain on board as the asset manager and property manager for the Barrel House—a landmark fixture in the famed Minneapolis Mill District. Redline said it will build on the prior owners’ vision to continue transforming the historic property.
New Owner Begins Total Transformation of Birkdale Point Office Park, Located Immediately Adjacent to Birkdale Village on I-77 in Huntersville
Charlotte-based real estate investment firm Redline Property Partners and its partner Ascent Real Estate Capital announced today that they have commenced construction work on Birkdale Point, fully transforming the existing office project.
BARREL HOUSE FETCHES $8.5 MILLION IN CASH
In an $8.5 million cash deal, ICM Realty Group LLC sold the Barrel House boutique office building in downtown Minneapolis to a group called Barrel House LLC, according to a certificate of real estate value.
Redline Property Partners, LP is a privately owned commercial real estate investment, management and development firm specializing in office, industrial and adaptive reuse projects in the Carolinas and Minnesota.