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Downtown Minneapolis tower sells for $258.5M

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Singapore-based Mapletree has paid $258.5 million for the 29-story 50 South Sixth tower in downtown Minneapolis that last traded for about 70 percent of the current price.The transaction for the 698,606-square-foot building closed on Dec. 20, made available on Thursday. The purchase price works out to about $370 per square foot. The building had an assessed value of $145.4 million...

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