Syndicated Equities Announces Minnesota Acquisition for $10.75M DST Offering

Syndicated Equities, a sponsor of securitized 1031 exchange offerings, has acquired the Legrand AV Global Headquarters in Minnetonka, Minn., for its SE 10900 Red Circle (Minnetonka), DST offering.

The acquisition is structured as a Delaware statutory trust to accommodate both cash and 1031 exchange investors and seeks to raise $10.75 million.

The purchase price was not disclosed.

The asset currently integrates all core functions for Legrand AV, including engineering, research and development, 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.

Legrand AV is a subsidiary Legrand S.A, a French multinational conglomerate that reported revenues of approximately €8.648 billion in 2024, with an adjusted operating margin of approximately 20.5%.

In July 2024, Syndicated Equities announced its SE 8925 Highway 101 (Savage), DST, following the acquisition of the Winnebago Industries Innovation Center. It sought to raise $4.7 million.

Syndicated Equities provides accredited investors and family offices with institutional quality commercial real estate investments. Since 1986, the firm has developed expertise in co-investment ownership, net lease brokerage services, global real estate opportunity funds, and more recently, qualified opportunity zones. To date, Syndicated Equities has made over 100 investments representing over $600 million of equity and approximately $4 billion of total asset value.

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