For Immediate Release
Minneapolis, MN, October 22, 2025 – Colliers is pleased to announce the sale of the Blaine Medical Building, a 33,399-square-foot healthcare center located at 11091 Ulysses Street NE in Blaine, Minnesota.
The Colliers team of Louis Suarez, senior vice president, Tom O’Brien, vice chair, Misty Bowe, senior vice president, and Jordan Selbiger, executive vice president, represented the seller, MSP Commercial, a Twin Cities-based healthcare development and management company. The buyer was Hammes Partners, a leading institutional investment management firm focused on the U.S. healthcare real estate market.
“This transaction underscores the strong medical office demand we’re seeing in the Minneapolis-St. Paul market,” commented Suarez. “The combination of high-quality long-term tenancy, an excellent location, and superior construction and ownership made the Blaine Medical Building an attractive investment opportunity,” commented O’Brien.
Located within the Minneapolis-St. Paul metropolitan area, Blaine is a rapidly growing market known for strong household incomes, access to transportation, and ongoing commercial and recreational development. Built in 2010, the facility sits on two acres of land and is home to two leading healthcare providers.
“One of MSP Commercial’s first developments in the area, Blaine Medical has been a strong, long-standing asset for us as the community has grown and expanded. We’re grateful for the collaboration with Colliers and Hammes Partners on this transaction,” commented Rob Loftus, MSP Commercial vice president.
At closing, Blaine Medical was 100% occupied.
For further information, please contact:
Media Contact:
Nancy Gofis
Nancy.Gofis@colliers.com
+1 206 223 1421
About Colliers
Colliers is a global diversified professional services and investment management company. Operating through three industry-leading platforms – Real Estate Services, Engineering, and Investment Management – we have a proven business model, an enterprising culture, and a unique partnership philosophy that drives growth and value creation. For 30 years, Colliers has consistently delivered approximately 20% compound annual returns for shareholders, fuelled by visionary leadership, significant inside ownership and substantial recurring earnings. With over $5.0 billion in annual revenues, a team of 24,000 professionals, and more than $100 billion in assets under management, Colliers remains committed to accelerating the success of our clients, investors, and people worldwide. Learn more at corporate.colliers.com, X @Colliers or LinkedIn.
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