Real Capital Solutions has purchased 3701 Wayzata Boulevard, a large office asset in Minneapolis’ Urban West End neighborhood, for $34 million. The property totals 308,681 square feet across nine stories and is reported to be 99% leased at the time of sale. The office complex is positioned on roughly 25.8 acres and overlooks Brownie Lake and Cedar Lake, providing a campus-style setting within the broader Twin Cities employment base.
The building serves as the headquarters location for several established companies. Tenants include Tactile Medical, SRF Consulting Group, Regis Corporation and MOBE, which collectively contribute to the property’s high occupancy and institutional tenant mix. The combination of corporate headquarters users and a near-full lease rate underpins the asset’s income profile for its new owner.
Originally developed as a corporate headquarters campus for Prudential, 3701 Wayzata Boulevard later housed Target Corporation operations before its most recent repositioning. In 2019, the property underwent a comprehensive renovation and repositioning program, modernizing the building and amenities to better compete within the Minneapolis office market. While specific renovation details were not disclosed, the upgrades reflect an effort to align the property with current tenant expectations for workplace environments.
The amenity package at 3701 Wayzata Boulevard is extensive. On-site offerings include a fitness center, conference facilities, a golf simulator, an on-site café and multiple outdoor gathering spaces. The property also features a rooftop patio and bike storage, along with direct access to regional trail systems, connecting the campus to nearby recreational options and enhancing its appeal for both employers and employees.
From a location standpoint, the asset sits just west of downtown Minneapolis along the I-394 corridor. It is located at the entrance to the amenity-rich West End district, providing proximity to nearby retail, dining and entertainment options. The site offers convenient connections to major employment centers throughout the Twin Cities, as well as to regional recreation areas anchored by Brownie Lake and Cedar Lake.
The acquisition of 3701 Wayzata Boulevard continues the story of a former single-tenant corporate campus that has evolved into a multi-tenant, headquarters-oriented office property. With recent renovations, a diversified tenant roster and strong occupancy, the building represents a stabilized office investment in a well-known Minneapolis submarket.
