Real Estate

Boston Scientific has purchased a newly built facility in Maple Grove for $188 million, further expanding its presence in the northwest Twin Cities metro. The deal underscores continued investment by the medtech giant in its local operations; additional details about the building and any staffing plans were not immediately available.

Manufacturer PHS West signed a 91,000‑square‑foot lease at Brockton Business Park in Corcoran, where it will establish a new headquarters, the Minneapolis/St. Paul Business Journal reports on Nov. 21, 2025. The company said expansion needs, driven by growth in the data‑center industry, prompted the move within the Twin Cities metro.

Buhl Investors has sold the Minnetonka office building that houses Legrand’s new headquarters for $23 million, marking a major markup on the asset. The transaction, reported Oct. 22, 2025, underscores investor demand for single-tenant, HQ‑anchored properties in the Twin Cities market.

Robins Kaplan will reduce its Minneapolis office footprint and relocate to the Wells Fargo Center downtown, with a multimillion‑dollar build‑out planned, firm leaders said on Oct. 22, 2025. The move reflects a strategic shift in how the law firm uses office space in the Twin Cities’ core business district.

A North Loop office building in Minneapolis has signed Stagwell to a 50,000-square-foot lease, the latest major tenant commitment downtown. The property, purchased last fall by Crowe Cos., has been rebranded and is undergoing a multimillion-dollar renovation that the owner says will reposition the asset for creative-office tenants.

The U.S. Bank Center, a 380,170-square-foot office tower in downtown St. Paul owned by Madison Equities, is going to auction with a $1 million starting bid, the BizJ reports. The building was part of a 10-building portfolio put up for sale last year and saw a major tenant contraction after U.S. Bank relinquished about 118,000 square feet last year.