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**Syndicated Equities Acquires Legrand AV Global Headquarters in Minnesota**
Syndicated Equities has announced the acquisition of the Legrand AV Global Headquarters located in Minnetonka, Minnesota.
The property serves as the central hub for Legrand AV, integrating a variety of core operations, including engineering, research and development, production, executive offices, and national training facilities. The 98,000-square-foot facility will accommodate approximately 210 employees. Originally built in 1982, the building was extensively renovated in 1997 and is currently undergoing additional renovations totaling more than $4 million to meet the specific needs of Legrand AV.
Earlier this month, Legrand AV officially opened the doors to the newly renovated space. The facility is designed to consolidate the company’s key administrative and product development teams under one roof, fostering greater collaboration and innovation.
Legrand AV, a manufacturer of infrastructure and audiovisual solutions, is a subsidiary of Legrand S.A., a French multinational corporation. The acquisition was structured by Syndicated Equities as a Delaware Statutory Trust, allowing participation from both cash and 1031 exchange investors.
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