Blue Cross Blue Shield site in Eagan changes hands [Yahoo! Finance]
![Yahoo! Finance](../../../Content/images/providers/Yahoo! Finance.png)
Net Lease Office Properties Common Shares of Beneficial Interest (NLOP)
Company Research
Source: Yahoo! Finance
The buildings, River Park I and II, located at 3400 Yankee Drive and 1800 Yankee Doodle Road in Eagan, were sold to Arsenault Holdings this month for over $60 million, according to a news release from the seller, Net Lease Office Properties. While the landlord has changed, the tenant has not. The two properties are leased to the insurance company “with a recently executed long term lease renewal,” according to a news release from Colliers, a commercial real estate and investment firm, who represented the sellers. “Our current multi-year lease as the sole tenant of the River Park buildings will continue under new ownership,” said Jim McManus, director of public relations and internal communications for Blue Cross Blue Shield, in an email Monday. “We look forward to remaining a part of the Eagan community as we have been for the past 50 years,” McManus said. Net Lease Office Properties was paid $60.7 million for the two buildings, which were constructed in 1982 and 2000. The bu
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News
- Net Lease Office Properties (NYSE: NLOP) had its "buy" rating re-affirmed by analysts at BWS Financial. They now have a $46.00 price target on the stock.MarketBeat
- Sold: Blue Cross and Blue Shield headquarters in Eagan [Yahoo! Finance]Yahoo! Finance
- Net Lease Office Properties Announces Sale of Two Office Properties Totaling $61 MillionPR Newswire
- Triple Net REITs Mispriced As Tenancy Shifts [Seeking Alpha]Seeking Alpha
- Russell Microcap: 7 new real estate companies to be added, 5 to be removed [Seeking Alpha]Seeking Alpha
NLOP
Sec Filings
- 5/10/24 - Form 8-K
- 5/10/24 - Form 10-Q
- 4/5/24 - Form SC
- NLOP's page on the SEC website