Tempus Realty Partners Acquires Office Campus in Hopkins, Minnesota for $66 Million
Tempus Realty Partners has acquired Excelsior Crossings, a two-building Class A office campus in Hopkins, Minnesota. The acquisition is valued at $66 million and includes over 546,000 square feet of space that is currently 98% leased. Located along the I-394 corridor—a top-performing submarket—this property features high-quality tenants including U.S. Bank (parent company U.S. Bancorp), Element Fleet Management Corporation, Digi International Inc., Michael Foods Inc., and Sovos Compliance LLC. The campus is LEED Gold certified with modern amenities such as a central lake, heated sidewalks, covered parking, and recent capital improvements totaling over $1.4 million. Tempus views the acquisition as an institutional-grade opportunity offering strong tenant credit profiles and long-term stability for investors. The purchase aligns with its strategy of targeting high-quality commercial real estate in key markets across the U.S. This marks another addition to Tempus' growing portfolio, which has exceeded $1.2 billion in acquisitions since 2016.
Topics: Class A property office campus real estate acquisition