Recently renovated office building in Twin Cities area trades for $18.55M

MINNEAPOLIS, June 19, 2026 – JLL Capital Markets announced today that it has completed the $18.55 million sale of The Lex, a 124,925-square-foot, recently renovated office building in Shoreview, Minnesota. 

JLL represented the seller, Shoreview Ridge Office LLC, in the sale of the property.

Renovated in 2023, The Lex is a four-story office building offering a modern lobby and communal spaces. The property is managed by Eagle Ridge Partners and is currently 95% leased to a variety of tenants in the financial services, healthcare and technology industries. 

The Lex is positioned on 4.13 acres within the Shoreview Corporate Center, a mixed-use redevelopment that is home to three luxury apartment communities and two additional office properties. The immediate area surrounding The Lex offers an abundance of retail, restaurant and entertainment amenities and is within minutes to both Minneapolis and St. Paul’s central business districts. Additionally, Interstates 35W and 695 are close by providing access throughout the Twin Cities area, including to the Minneapolis-Saint Paul International Airport.

JLL’s Capital Markets Investment Sales and Advisory team representing the seller was led by Senior Managing Directors Colin Ryan and David Berglund.

JLL’s Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. The group has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL’s newsroom. 

JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 113,000 as of March 31, 2026. For over 200 years, clients have trusted JLL, a Fortune 500^® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.