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Best Buy Co. Inc. plans to demolish it 70,000-square-foot office building to make way for a new store in Eden Prairie.
Minot, N.D.-based Investors Real Estate Trust (IRET) has already started notifying tenants about possibly vacating the building this fall, said Jim O'Neill, a former asset manager of the building and vice president of Bell Mortgage America in Minnetonka. "As 1 understand, it's a done deal," O'Neill said. IRET bought the building at 7901 Flying Cloud Drive for $4.9 million in 1999, and O'Neill expects it will resell for a similar price.
Richfield-based Best...