MINNEAPOLIS – Transwestern Real Estate Services (TRS) announces that it represented Hunt Electric Corporation in the purchase of 1000 Blue Gentian Road in Eagan, Minnesota. Hunt Electric will relocate its headquarters from nearby Bloomington to its new location, a 300,000-square-foot flex/tech space. Transwestern’s Chris Weirens, Nate Erickson, Alex Baron, Ben Youds, and Max Stewart represented the buyer in negotiations. The building was previously owned by Water Street Partners (WSP).
A national electric design, build, and maintenance firm, Hunt Electric is currently headquartered in 160,000 square feet at 7900 Chicago Ave. S in Bloomington. The firm decided to relocate as it has outgrown its current space.
Originally, 1000 Blue Gentian Road was being marketed for lease and had enough space available to accommodate Hunt Electric’s growth, including a significant amount of parking on the roof. The Transwestern team proposed a creative solution by which Hunt will own its headquarters property and retain the four tenants currently occupying approximately half of the building.
Weirens, Erickson and Youds will also represent Hunt Electric in marketing 7900 Chicago Ave. S for sale or lease.
Photo available for download here.
About Hunt Electric
Hunt Electric delivers full-service solutions backed by the expertise of over 350 office personnel and 1,000 electricians nationwide. They are present in major healthcare facilities, complex data centers, out in the solar field, and on iconic job sites of every scope and size. For more information, visit huntelec.com.
About Transwestern Real Estate Services
Part of the Transwestern companies, Transwestern Real Estate Services (TRS) strives to add value for investors, owners and occupiers across all commercial property types. Fueled by a holistic perspective of the real estate life cycle, agility and creativity are hallmarks of our approach, while vast national resources and sound market intelligence underpin customized recommendations and property solutions.
Four dynamic, integrated companies make up the Transwestern enterprise, giving us the perspective to think broadly, deeply and creatively about commercial real estate. Clients and investors rely on us for expertise that spans institutional and opportunistic investment, development, hospitality, and brokerage and asset services. Our award-winning, collaborative culture empowers team members with resources and independence to work across boundaries in pursuit of innovative solutions, reinforcing a reputation for service excellence that translates to measurable results. Through offices nationwide and alliance partners around the globe, we positively impact the built environment and our communities while fostering a work climate that champions career vitality for all. Learn more at transwestern.com and @Transwestern.
Media Contact:
Mallory Martin
312.881.7022
mallory.martin@transwestern.com
twmediarelations@transwestern.com
