visimoney
TLDR:
Entities related to Burnsville-based EFH Co. have sold two legacy properties for a total of $20.86 million to Dan Wixon, owner of Bloomington-based Wixon’s Jewelers. The properties include rentable square feet and a below-grade heated parking garage. The buildings were developed in 2006 and 2007 as part of EFH Co.’s late founder’s investment portfolio.
Within the commercial real estate sector, significant transactions took place involving the sale of two legacy properties by EFH Co. to Dan Wixon. The properties, located in Burnsville, were part of a long-term investment portfolio and were sold for $20.86 million. The buyer, Dan Wixon, who owns Wixon’s Jewelers, acquired the buildings with a notable down payment and contract for deed.
One of the properties was previously occupied by notable organizations such as Motorola, the State of Minnesota, and Rosemount Aerospace. The sale of these two properties is considered a testament to their success, as they had never been sold before. The transaction showcases the resilience and the lasting impact of commercial real estate investments.
