Brokerage
Eagan, MN
140,812 SF
2024
Project Photos
About This Project: Eagandale Corporate Center, Eagan, MN
Eagandale Corporate Center at 1305 Corporate Center Drive is a 140,812 square foot suburban office building on 10.9 acres in Eagan, Minnesota, acquired by Inventure in 2024 for $15.1 million. The property sits along I-494 in the Twin Cities southeast submarket, minutes from Minneapolis St. Paul International Airport and the Mall of America. Inventure sourced the opportunity, represented itself on the buy side, and now leads the leasing assignment. The building traded at 65 percent occupancy, which is exactly why the firm wanted it. Most buyers see vacancy as a discount to argue over. Inventure saw a leasing thesis it had the platform to execute.
Reading the Submarket Correctly
Suburban office was the least popular asset class in the country when this deal came together. That is precisely the environment in which conviction gets rewarded. The southeast submarket has fundamentals that do not evaporate with a headline cycle: interstate frontage on I-494, airport proximity, a deep and educated labor pool, structured parking at a ratio most competing product cannot match, and a wooded campus setting that tenants actually want to show up to. Inventure underwrote the location on those fundamentals and moved while the rest of the market was still deciding whether to have an opinion.
Buying at Basis, Leasing With Purpose
The acquisition closed at roughly $107 per square foot, a basis that gives the asset room to compete aggressively on rent and tenant improvement allowances against buildings that paid far more. That is the entire strategy in one number. With ownership, leasing, and property management all under one roof, Inventure controls the lease up rather than waiting on a third party broker’s priorities. Tours get scheduled faster, deals get structured with the owner in the room, and decisions get made in days instead of weeks.
- Self Represented Acquisition: Inventure sourced, underwrote, and represented itself on the purchase of Eagandale Corporate Center.
- $15.1 Million Transaction: 140,812 square feet on 10.9 acres, acquired at approximately $107 per square foot.
- Value Add Basis: Purchased at 65 percent occupancy with substantial lease up runway.
- Prime Southeast Location: Direct I-494 frontage with immediate access to MSP International Airport and the Mall of America.
- Integrated Execution: Brokerage, leasing, and property management delivered by a single Inventure team.
Brokerage Backed by Ownership
Eagandale Corporate Center is one of many examples of Inventure putting its own capital behind its own underwriting. When a brokerage team buys the deals it recommends, the advice gets sharper. For owners, tenants, and investors looking for a brokerage partner who knows what a building is worth because the firm has bought at that number itself, Inventure brings market conviction, an integrated platform, and the willingness to act while others are still analyzing.
Key Property Features
Commercial Real Estate Services backed by 35+ Years of Experience
(320) 980-2300
info@inventureproperties.com
