12700 Whitewater_Property for Sale
12700 Whitewater_Property for Sale

12700 Whitewater

12700 Whitewater Drive, Minnetonka, MN, 55343, US

Description

Jones Lang LaSalle Americas, Inc. ("JLL") is pleased to present the opportunity to acquire The Whitewater (the "Property"), a premier Class A suburban office asset located in the highly sought-after Southwest submarket of Minneapolis-St. Paul. The Property is a highly amenitized, multi-tenantable, six-story office building totaling approximately 149,719 square feet. With on-site cafe, executive parking, a fitness center, and ample parking available through an attached structure, the asset is positioned to attract the highest quality office tenants. The property is currently vacant, with ideal floor plate sizes and systems to attract a diversified tenant roster of office users. Strategically positioned near major arterials and the thriving Southwest submarket, The Whitewater benefits from improved capital markets activity amid a bifurcating asset landscape favoring high-quality locations. Surrounded by Highway 7, Interstate 494, and Highway 62, the asset provides tenants instant metro connectivity and employers unmatched brand exposure as nearly 100,000 vehicles pass by on I-494 each day.

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Attributes

Building area gross
13,909 sm
Office RSF
123,044 sf
Building class
A
Year renovated
2018
Year built
1998
Land area gross
2.49 ha
Parking spaces
949
Floors
6

Media

Investment highlights

  1. Class A office in Minnetonka boasts 149,719 sqft. on 6.15 acres.
  2. Located within the most in-demand suburban office market & a 2027 Opportunity Zone (OZ 2.0).
  3. 949 parking spaces ensure ample capacity for tenants and visitors.
  4. Renovated in 2018, enhancing its competitive edge.
  5. Strategic location in bustling Minnetonka, driving demand and rent growth.
  6. Proximity to major transit routes boosts visibility and connectivity.
  7. Potential above-market rents in a sought-after submarket.
  8. Class A designation attracts premium tenants.
  9. Value-add opportunity: capitalize on below replacement cost.
12700 Whitewater 4_Property for Sale
12700 Whitewater 4_Property for Sale

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Last updated Sep 8, 2026