Davis Healthcare Real Estate has announced the formal opening of Eagan Specialty Center, a 36,100-square-foot Class A surgical facility at 2975 Holiday Court in Eagan, Minnesota. The building is the new home of Midwest Surgery Center, which occupies 27,000 square feet.

“This is the culmination of an extensive real estate needs analysis designed to solve complex operational issues for Midwest Surgery Center,” said Michael Sharpe, Principal, Davis. “This building was meticulously designed and constructed to enhance patient flow and surgeon performance while also supporting a diverse range of patients in the Twin Cities metropolitan area.”

The Davis team also overcame several challenges in developing the facility, including finding a site that fit the client’s geographic objectives and preferred cost parameters. Davis further reduced the cost structure by oversizing the building by 9,000 square feet to help spread the fixed costs over a larger basis. Anne Madyun, a vice president of brokerage at Davis, is currently marketing that space for lease. The design and construction team included Synergy Architecture Studio and Timco Construction.

CBRE has negotiated the sale of Lexington Hills, a 168-unit multifamily community in Eagan, Minnesota, to Reacor Ltd. CBRE’s Ted Abramson, Keith Collins and Abe Appert represented the seller, Monument Frozen Tundra LLC, in the transaction.

“Lexington Hills demonstrates the continued interest in Twin Cities suburban multifamily. The capital markets remain active, and the stability in the ten-year treasury has taken away a level of uncertainty. Sentiment post-NMHC was very positive for forward fundamentals in the space, although there are some micro-location challenges due to supply,” said CBRE’s Abramson.

The property was built in 1988 and is located at 4116 Lexington Avenue South. It comprises seven residential buildings with studio-, one- and two-bedroom floorplans averaging 723 square feet. Lexington Hills sits on 16.51 acres and is situated close to several retail centers and recreation areas.

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