Syndicated Equities has acquired the Legrand AV Global Headquarters in Minnetonka, Minnesota.
The property integrates all core functions for Legrand AV, including engineering, R&D, production, executive offices, and national training facilities and will house 210 employees. Originally constructed in 1982, the property underwent a comprehensive renovation in 1997 and is currently undergoing an over $4 million renovation for Legrand AV.
Earlier this month, Legrand AV which manufactures infrastructure and AV solutions, officially opened the doors of its new headquarters in Minnetonka, at the 98,000-square-foot facility that will bring together the company’s key administrative and product development teams under one roof.
Legrand AV is a subsidiary of Legrand S.A, a French multinational conglomerate and Syndicated structured the acquisition as a Delaware Statutory Trust to accommodate both cash and 1031 exchange investors.
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