Cushman & Wakefield Equity, Debt & Structured Finance Team Represents City Center Realty Partners/Contrarian Capital Management in Refinancing The E in Edina, MN

The E secures refinancing after successful lease-up of the boutique office property

MINNEAPOLIS, February 4, 2025 – Cushman & Wakefield announced today that the firm’s Midwest Equity, Debt & Structured Finance team has secured an $11.3 million take-out refinancing package for The E, a boutique office property in Edina, Minnesota.

Cushman & Wakefield’s Adam Hoffman, Jeff Altenau, Zach Yarnoff and Avery Ticer represented property owner City Center Realty Partners / Contrarian Capital Management in securing the bank financing.

Located at 7201 Metro East Blvd. in Edina, The E totals 108,000 square feet of Class A boutique office space. Constructed in 1981 and fully renovated and rebranded in 2021, the property is currently 94% occupied by 11 diverse tenants. Over the past 24 months, The E has successfully added more than 97,000 square feet of new tenancy following a $6.75 million renovation of the property.

“During the most challenging time period of the pandemic, ownership implemented a comprehensive repositioning of the asset by renovating all common areas and amenity spaces, including an expansive conference center, state-of-the-art fitness facility, activated outdoor space, tenant lounge and lobby enhancements,” said Hoffman. “The incredible success is a testament to the Ownership’s expertise and the property’s location and quality.”