Minneapolis and Saint Paul each have the feel of big cities that preserve their small town charm. Distinctive neighborhoods attract people of varying interests as the cities' financial districts keep the area relevant in the business world. Recently a historic part of Minneapolis has come under examination for development and proposals for the site have begun to come in.
One of the major hurdles that many businesses have to clear is finding a place to locate their new enterprises. Before they can begin hunting for the warehouses, retail spaces and office buildings in which they will set up shop business owners must make some important decisions about the types of commercial properties that they want to secure. One of the first determinations that they must make is whether they want to rent a commercial property or buy it.
One of the most famous office campuses in downtown Minneapolis has been sold for more than $100 million, according to news reports. The commercial property consists of a three-building complex in the Gateway District. This facility was sold for $103 million to an entity associated with a real estate investment trust in California.