Sold: Blue Cross and Blue Shield headquarters in Eagan [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
On Monday, Arsenault Holdings paid Net Lease Office Properties more than $60 million for two Class A office buildings, which are known as River Park I and II. Those buildings are fully occupied by Blue Cross and Blue Shield, which said it had recently signed a long-term lease. The health insurer vacated other buildings on its 60-acre campus last year and consolidated its offices into the River Park buildings, which are on the northwestern part of the campus near the intersection of Yankee Doodle Road and Highway 13. The company originally sold its headquarters in 2012. Earlier this year, Colliers began marketing three vacant buildings on the site, including the former Blue Cross headquarters buildings, an adjacent daycare and a 227,000-square-foot office building. The River Park buildings, which are at 3400 and 1800 Yankee Doodle Drive, were built in 1982 and in 2000. They're connected by an enclosed walkway and have a fitness center, full-service cafeteria and a lush, park-l
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NLOP
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
- 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
- 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
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