Sold with the Radisson City Center for a total of $45 million
As part of the deal, Rice Park has the option to lease 103,470 sf in the property
183-unit Sibley Tower for $10.15Mln from St. Paul Port Authority; 178-unit Jackson Tower for $9Mln from Marty Wasmer
at 401 Sibley St. in downtown's Lowertown district; built in 1978, it's fully occupied.
sources estimated the building would fetch between $60 million and $80 million.
Frauenshuh heads Rice Park Associates.