Tempus Realty Partners Announces $66 Million Office Acquisition in Hopkins, Minnesota
Tempus Realty Partners Announces $66 Million Office Acquisition in Hopkins, Minnesota
PR Newswire
LITTLE ROCK, Ark., Sept. 22, 2026
Arkansas CRE investment firm acquires 546,548-square-foot Class A campus anchored by U.S. Bank
LITTLE ROCK, Ark., Sept. 22, 2026 /PRNewswire/ -- Tempus Realty Partners, an Arkansas-based real estate investment firm, today announced the $66 million acquisition of Excelsior Crossings, a two-building, 546,548-square-foot Class A office campus at 9350 and 9380 Excelsior Blvd. in Hopkins, Minnesota. The campus is 98% leased and sits in the I-394 corridor, widely regarded as the strongest-performing office submarket in the Twin Cities.
U.S. Bank fully occupies one building, accounting for 54% of the portfolio's square footage. U.S. Bancorp, the bank's parent, is the fifth-largest commercial bank in the country and carries an A/Stable credit rating from S&P. The second building houses four additional tenants, each using its space as a global or regional headquarters: Element Fleet Management Corporation, Digi International Inc., Michael Foods Inc. and Sovos Compliance LLC.
The two seven-story buildings are LEED Gold certified and sit on more than 20 acres around a central lake, with covered parking, heated sidewalks, and more than $1.4 million in recent capital upgrades.
"Excelsior Crossings is a true institutional campus, and it shows the moment you walk in," said Isaac Smith, partner of acquisitions at Tempus. "From the lake and courtyard at its center to the fitness center, cafeteria, and heated sidewalks that keep the campus functioning through a Minnesota winter, every detail here was built for tenants to stay long term."
The acquisition reflects the kind of opportunity Tempus looks to bring to its investors.
"Excelsior Crossings is an impressive, well-located asset with a roster of credit-rated tenants, and our attractive basis positions investors for strong upside," said Clay Ramey, partner and vice president of capital markets at Tempus. "We're excited about this opportunity, and we believe it capitalizes on the strong, niche recovery we're seeing across Class A office."
The acquisition marks Tempus' latest addition to a growing national portfolio of office and industrial assets.
ABOUT TEMPUS REALTY PARTNERS
Tempus Realty Partners is an investor-centric real estate investment partnership focused on acquiring and developing commercial real estate mainly in the South and Midwest. The strategy of Tempus is to create superior risk-adjusted returns via unique commercial real estate opportunities by investing with its network of partners in targeted cities. Tempus has acquired more than $1.2 billion of property in 26 states since forming in 2016.
SOURCE Tempus Realty
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