Goldman Sachs confirms purchase of TractorWorks building

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An entity of New York-based Goldman Sachs has purchased the historic TractorWorks office building in Minneapolis’ North Loop neighborhood.
An entity of New York-based Goldman Sachs has purchased the historic TractorWorks office building in Minneapolis’ North Loop neighborhood.

According to Finance & Commerce, an entity of New York-based Goldman Sachs has purchased the historic TractorWorks office building in Minneapolis’ North Loop neighborhood.

Goldman Sachs spokesman Andrew Williams confirmed Wednesday that AIMS Real Estate, a business unit of Goldman Sachs Asset Management, had purchased the building, at 800 Washington Ave. N. He declined to disclose the sale price. No certificate of real estate value has been made public yet.

“We believe the North Loop offers a compelling investment opportunity for us and we are excited to become a part of this dynamic, fast-growing neighborhood,” Williams wrote in an email.

The seller is San Francisco-based City Center Realty Partners, which bought the building in 2008 and worked to raise its occupancy. The property is now 78 percent occupied, according to CoStar Group.

Hennepin County values the property at 800 Washington Ave. N. and two other adjacent properties owned by City Center at… Read More >>