Hammes Partners recently acquired the Twin Lakes Health building in Roseville, Minn. (Photo courtesy of Ryan Cos.)
ROSEVILLE, Minn. – Milwaukee-based Hammes Partners, an investment affiliate of the Hammes Company, recently acquired the Twin Lakes Health building at 1835 County Road C W. in Roseville, a Twin Cities suburb, from Minneapolis-based Ryan Cos. Hammes, whose Hammes Partners II LP fund is closed to investors after raising $430 million of capital commitments, paid $15.3 million for the 70,750 square foot facility, or $216 per square foot (PSF). The building, which is just a couple of blocks from U.S. Interstate 35W, is home to an eye care center, Park Dental, Children’s Minnesota Roseville Physical Rehabilitation Clinic, Tareen Dermatology, and other tenants. The three story MOB was completed in 1994 and, according to RCA information, was acquired by Hammes in an all-cash transaction.
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