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Real estate office sold = …?

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Real estate office sold = …?

Here's the punchline to my earlier tease about a real estate office in Rochester being sold. It is the Edina Realty office at 1301 North Frontage Salem Road S.W.

The buyer was Les Nelson of Clear Lake, Iowa.

Here's what I have in print today:

An Edina Realty Inc. real estate deal closed Aug. 30, but the $3.9 million sale was not for an Edina client.

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It was the real estate company’s Rochester office building that sold.

Property investor Les Nelson of Clear Lake, Iowa, bought the building at 1301 North Frontage Salem Road S.W. from a company called 525 Partnership LLP.

Realtor Merl Groteboer of Re/Max of Rochester handled the deal.

As a lease-back sale, Edina Realty basically ended up with a new landlord.

The 525 Partnership bought the building from Edina Realty in 1997 for $2.16 million.

Here's a partial list of some of the properties Mr. Nelson owns in Rochester, particiularly downtown:

• 4 3 ST SW

• 220 BROADWAY S

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• 314 BROADWAY S

• 312 BROADWAY S

• 310 BROADWAY S

• 306 BROADWAY S

• 308 BROADWAY S

• 300 BROADWAY S

• 1831 24 ST NW

• 407 BROADWAY N

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• 420 1 AVE NW

• 410 1 AVE NW

• 401 BROADWAY N

• 402 1 AVE NW

• 401 BROADWAY N

• 1734 15 ST NW

• 2112 15 ST NW

• 434 BROADWAY S

• 416 BROADWAY S

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