Project Overview

PRECAP’s managing principal represented a partnership of a developer and physicians affiliated with Multicare Associates, a premier multi specialty group located throughout the Twin Cities. The 60,000 square foot, on-campus, building was 100% occupied at the time of sale by a range of synergistic tenants including Multicare Associates, Virginia Piper Cancer Institute, Allina Health, and Minnesota Oncology. After the sale, Multicare Associates was acquired by North Memorial Health, a health system with a strong presence in Minnesota and Wisconsin. The buyer was a real estate investment trust (REIT) focused on acquiring on-campus medical office buildings.

Project Details


60,000 sq ft

Dollar Amount



Fridley, Minnesota

Get Started

PRECAP welcomes the opportunity to schedule an introductory call to discuss the healthcare real estate market and your investment objectives.

Contact Us