JLL Sells Renovated 124,925-SF The Lex Office Building in Shoreview for $18.55 Million

SHOREVIEW, Minn. — June 19, 2026 — JLL Capital Markets has completed the $18.55 million sale of The Lex, a 124,925-square-foot office building in Shoreview, Minnesota, the firm announced. JLL represented the seller, Shoreview Ridge Office LLC, in the transaction.

The deal implies a price of approximately $148 per square foot for the four-story building, which was renovated in 2023 and is currently 95% leased to tenants in the financial services, healthcare and technology industries.

Property and Location Details

The Lex sits on 4.13 acres within Shoreview Corporate Center, a mixed-use redevelopment that includes three luxury apartment communities and two additional office properties. The building features a modernized lobby and communal spaces following its 2023 renovation. Eagle Ridge Partners manages the property.

The property's location provides access to both Minneapolis and St. Paul's central business districts, with Interstates 35W and 695 nearby offering connectivity throughout the Twin Cities area, including to Minneapolis-Saint Paul International Airport. The immediate surrounding area includes retail, restaurant and entertainment amenities.

JLL's Role and Deal Team

JLL's Capital Markets Investment Sales and Advisory team led the sale on behalf of Shoreview Ridge Office LLC. Senior Managing Directors Ryan Robert and David Berglund headed the assignment.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers, with more than 3,000 Capital Markets specialists in offices across nearly 50 countries.

About JLL

JLL (NYSE: JLL) is a global commercial real estate services and investment management company with annual revenue of $26.1 billion and operations in over 80 countries. The firm employs more than 113,000 people as of March 31, 2026.