#United States #Eagan #Tareen Development Partners #Eagan Medical Center #Hammes Partners

Tareen Development Partners Finalizes $12.75 Million Sale of Eagan Medical Center

Tareen Development Partners (TDP) has recently concluded the sale of Eagan Medical Center, a prominent multi-tenant medical office building situated in Eagan, Minnesota, for an impressive $12.75 million. This significant transaction was completed on August 6, 2026, marking a strategic move in the evolving landscape of healthcare real estate.

The acquisition was made by an affiliate of Hammes Partners, known for their expertise in healthcare-related properties. TDP enlisted the services of Colliers to facilitate this deal, ensuring a smooth transaction process. The Eagan Medical Center, which spans approximately 44,000 square feet, has seen substantial improvements and repositioning during TDP’s ownership.

Prior to the sale, TDP had acquired the property, previously named Town Centre Plaza, for $7.8 million in December 2024. With vision and strategic enhancements, TDP rebranded and reimagined the site as Eagan Medical Center, positioning it as a leading hub for specialty healthcare services in the southeastern Twin Cities region. This transformation included comprehensive improvements to common areas as well as increased leasing activity, making the facility an attractive destination for top healthcare providers.

One notable highlight is the continued presence of Tareen Dermatology, which is recognized as the largest independent dermatology group in Minnesota. They have reaffirmed their commitment to Eagan Medical Center by extending their lease through 2027. Additionally, the facility is supported by other esteemed practices such as Minnesota Urology and MNGI Digestive Health, making it a diverse healthcare provider network under one roof.

Other notable tenants include Brecke Counseling, the Spartz Vein Clinic, and the Minnesota Center for Obesity, Metabolism, and Endocrinology. The strategic location of Eagan Medical Center, in proximity to Interstate 35E and Interstate 494, provides excellent accessibility, free surface parking, and purposely designed medical office spaces that cater to the needs of patients and healthcare professionals.

Basir Tareen, founder and CEO of Tareen Development Partners, shared his insights on the sale, stating, "Eagan Medical Center exemplifies our commitment to value creation through smart investments and strategic enhancements. Our team's achievements in a relatively short period speak volumes about our collective efforts. We extend our gratitude to our tenants, healthcare partners, and advisors who have contributed to this property’s success. We believe that with Hammes Partners at the helm, Eagan Medical Center is poised for an exciting future."

The transaction reinforces TDP's track record in identifying opportunities, successfully repositioning commercial properties, and generating value for investors, tenants, and the community alike. Tareen Development Partners remains focused on creating lasting value through thoughtful design and strategic partnerships, illustrated vividly by their endeavors at Eagan Medical Center.

As TDP continues its commitment to enhancing real estate projects across Minnesota, the Eagan Medical Center stands as a testament to the positive impact of thoughtful real estate development in the healthcare sector. For more information about Tareen Development Partners and their ongoing projects, please visit tdpmn.com.