Twin Cities Arts & Science Studios Portfolio — Sale in Saint Paul, MN
- Price: $26.9M
- Listing type: For sale
- Asset type: Business
- Location: Saint Paul, MN 55106
Photos
Description
For Sale: 471,835 SF | 99% Leased, Two Building, Small Bay Investment Portfolio for Sale CBRE is proud to present the Twin Cities Arts & Science Studios Portfolio for sale to qualified, selected investors. Both properties have long and storied histories, serve a unique, neighborhood niche market and are well occupied with diverse tenant bases. Both are protected from potential competition due to their unique position in the marketplace and below market-in-place rent structures. Both are well positioned for future success in today’s industrial/office/flex leasing environment. Strong historical occupancy and successful re-purposing of these assets make this a stable and attractive investment opportunity. The Everest property is best known in the Twin Cities Metro Area as the Former Stroh’s Brewery (which closed in 1997) and is eligible to be included in the list of Heritage Preservation Sites by the Heritage Preservation Commission. “The Theodore Hamm Brewing Company was established in 1865 when German immigrant Theodore Hamm (1825–1903) inherited the Excelsior Brewery from his friend and business associate, A. F. Keller, who had perished in California seeking his fortune in the gold fields. Unable to finance the venture himself, Keller had entered into a partnership with Hamm to secure funding. Upon Keller’s death, Hamm inherited the small brewery and flour mill in the east side wilderness of Saint Paul, Minnesota. Keller had constructed his brewery in 1860 over artesian wells in a section of the Phalen Creek valley in Saint Paul then known as Swede Hollow.”* Meticulous repositioning of this neighborhood icon as an art and science incubator campus has resulted in a home for 90+ diverse local and national businesses. The occupancy rate has averaged 98% across the past 5+ years. The Ariel/Ivy Place property is the result of the amazing and meticulous transformation of the historic Flour City Iron Works plant. “Flour City Ornamental Iron Works Company was founded b
Market Context
This commercial property in Saint Paul, MN is listed for sale at $26,900,000. Compare it against other commercial property listings for sale in Saint Paul, MN — view the full market.
First seen on CREHunt: Sep 23, 2026
Contact
- Steve Lysen · 952 924 4620 · steve.lysen@cbre.com
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