Minneapolis, MN
Three-building Innsbrook office complex sold to Minneapolis firm for $31M – Richmond BizSense
The three-building complex is in the northeast corner of Innsbrook. (BizSense file photo)
A year after landing a state agency as a major tenant, an Innsbrook office complex has sold to a new-to-market buyer.
Franklin Commons, which spans three buildings at 5600-5640 Cox Road, was purchased this week by Minneapolis-based Onward Investors for $31 million, according to Henrico County.
The trio of three-story buildings are tucked away in the northeastern corner of Innsbrook and house 312,000 square feet between them.
The 25-year-old complex got a boost last year when the Virginia Department of Social Services signed on to take about 100,000 square feet to replace is its downtown Richmond nerve center. Another major tenant at the park is water treatment firm ChemTreat. The complex is about 85 percent occupied.
The seller was Franklin Street Properties Corp., a public REIT out of Massachusetts that bought the complex in 2003 for $38.1 million. Franklin Street didn’t respond to requests for comment.
Franklin Street was represented in the sale by Newmark brokers Will Bradley and Mark Williford.
The state’s Department of Social Services relocated there last year.
The sale was recorded with the county July 15. The lease with the Department of Social Services bolstered the complex’s value. The 26-acre campus’ assessed value jumped from $18.7 million in 2023 to $32.5 million in 2024.
The purchase marked Onward Investors’ entrance into the Richmond market and its first in Virginia overall. The firm has about $730 million in assets under management, with over $500 million of that in the Midwest.
Onward Investors director Francis Luzum said that the firm sees Richmond as a “very healthy market” and that it was drawn to Franklin Commons because of its “quality tenancy and stable cash flow profile, with the opportunity to grow net operating income and enhance value through future leasing.”
Private investment is part of how Onward Investors finances its deals. Last summer the company announced the closing of a $112 million capital raise for its “Onward Investors Value Fund III.” It said it planned to use those funds to pursue commercial and residential real estate investments. That fund looks to have helped finance the Innsbrook deal, as the entity Onward Investors used to buy Franklin Commons was OIVF III Innsbrook LLC.
In other Innsbrook office news, local Fortune 500 healthcare distribution giant Owens & Minor is relocating its global headquarters from Hanover County to the Henrico office park.
Just down the street from Franklin Commons is the former Innsbrook After Hours site that was planned to become a food truck court, however those plans were recently scrapped.
Minneapolis, MN
$25 fine for St. Paul woman who assaulted agents at Minneapolis restaurant bust
A 28-year-old St. Paul woman who admitted in federal court to assaulting law enforcement officers during a protest last year in South Minneapolis has been ordered to pay a $25 fine.
Isabel Lopez was sentenced Tuesday by U.S. District Judge John Tunheim in Minneapolis after accepting a plea agreement to a lesser misdemeanor charge of assaulting, resisting and impeding a U.S. officer in connection with a protest that broke out while authorities were executing a search warrant that a crowd mistook for an immigration raid in June 2025.
Lopez was originally charged by indictment with three felony counts of assaulting, resisting and impeding officers and one felony count of obstruction of law enforcement.
Lopez faced up to one year in prison on the misdemeanor conviction, however, the defense and prosecution both asked Tunheim for no prison time. The prosecution requested one year of probation, which Tunheim turned down.
According to court documents, law enforcement officers from multiple federal agencies were executing eight search warrants in the Twin Cities on June 3, 2025, related to an investigation into narcotics trafficking, money laundering, human trafficking and related offenses.
The investigation began with the discovery of 900 pounds of methamphetamine in a Burnsville storage unit, with a street value of between $22 million and $25 million.
Shortly after a search warrant execution began at Cuatro Milpas restaurant on Lake Street, a crowd began to gather.
“The crowd appeared to be under the mistaken belief that law enforcement was present to arrest individuals illegally present in the country for immigration offenses,” the criminal complaint said. “This was incorrect.”
After recognizing the apparent misunderstanding, law enforcement explained the nature of the search warrant to the crowd, according to prosecutors.
As part of her plea agreement, Lopez admitted to hitting an FBI SWAT agent with her arms and closed fist, and kicking another agent. The officers were not injured. As law enforcement attempted to leave the scene, Lopez threw a softball at the back of a Hennepin County sheriff’s deputy.
Minneapolis, MN
FOX 9 Good Day: June 24, 2026
An Arctic explorer from Minnesota shares tales of his adventures, including a recent 800-mile journey that he just made at 81-years-old. Plus, we get some tips on how to help your pets prepare for the 4th of July.
Minneapolis, MN
Concerns grow over south Minneapolis homeless encampment near child care center
Employees at a south Minneapolis child care center said they are increasingly concerned about drug use and safety issues, as a homeless encampment grows nearby under the Cedar Avenue and Highway 55 overpass.
Staff at Baby’s Space child care, which has served the neighborhood for more than 25 years, said things have gotten especially bad over the past month.
Yolanda Reyes is an administrative assistant at Baby’s Space, which is just blocks away from the encampment.
“The encampment was moving and then the cops would clear it out, and they’d wait a few hours and they were right back,” said Reyes.
Staff said a fence installed to discourage people from gathering at the encampment has been ineffective. A WCCO camera captured an opening in the fence that allowed people to continue gathering on the sidewalk.
Drug use has become more visible and has moved right outside the child care center’s front door, Reyes said.
“Open use, just freely using their drugs. I had to go out the front door and say, ‘Hey, this is a child care center,’” she said.
The concerns have affected daily activities at the facility. Debbie Lund, executive director for Baby’s Space, said staff worry about what children could encounter while playing outside. She said Minneapolis police now stand watch by their playground.
“It’s hard for us to play outside because we’re not sure what the kids are going to be exposed to,” said Lund.
The concerns have drawn the attention of city leaders. On Tuesday, Minneapolis City Council Member Jason Chavez sent an email to city officials, including Mayor Jacob Frey and Public Safety Commissioner Todd Barnette, requesting immediate support for unhoused residents in the area.
A city spokesperson said the fencing is temporary to allow time for a better long-term solution, in collaboration with the county, Metro Transit, and the Minnesota Department of Transportation, who all have facilities in the area.
In the meantime, the city said they are working to help people move from unsheltered homelessness into stable housing.
Reyes and Lund emphasized that they sympathize with people living in the encampment who are struggling with addiction.
“It’s so hard because our hearts go out to everybody, and yet we really need to keep our children safe,” said Lund.
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