**Pioneer Acquisitions Acquires 900K-SF Office Portfolio in Minneapolis**
Pioneer Acquisitions, a real estate investment firm based in Rye, New York, has made its first entry into the Twin Cities market with the acquisition of two prominent office towers in downtown Minneapolis: 100 Washington and 111 Washington. The purchase also includes an associated 870-stall parking ramp.
Together, the Class A properties comprise more than 900,000 square feet and occupy a strategic position in the city’s Gateway District, which connects the Central Business District with the vibrant North Loop neighborhood.
As part of its repositioning strategy, Pioneer plans to modernize and enhance existing amenities, including upgrading the tenant lounge and the ground-level terrace at 100 Washington. The firm is also planning sustainability-focused improvements to further enhance the buildings’ appeal.
Leasing and property management services will be handled by Cushman & Wakefield, while CBRE’s Ryan Watts represented the seller in the transaction.
“We were drawn to the quality of the buildings, their array of amenities, and the opportunity to invest in a market we believe has tremendous long-term potential,” said James Peterson, Principal and Co-Founder of Pioneer Acquisitions.
