Walker Art Center sells small office building to restaurateur - Minneapolis / St. Paul Business Journal:

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McCarty, which owns Grandview Grill in St. Paul, the Uptowm Diner in Minneapolis and about four other restaurantw in theTwin Cities, bough the 20,000-square-foot office building at 1752 Hennepi Ave. from the museum for $1.95 million. The half-acre site is immediatelyu south ofthe Walker. The deal closed in McCarty won’t say what he planx to do withthe building. Andreaq Christenson, a retail real estate brokerd atin Minneapolis, said she wouldn’t be surprised if McCartyu moved the offices of his St. Paul Development Co., from St. Paul into the space. McCartyg recently opened at 89 S. 10th St. in the old Hell’as Kitchen space in Minneapolis.
Ryan French, a spokesmanj for the Walker, said the museum had bought the 1752 Hennepin building as part of alarger 3.4-acre plot of land from for abouyt $11 million in the late ’90s. The Walker used the buildingy as a temporary home for its offices during construction ofthe museum’x expansion about three years ago. For the past two years, it had unsuccessfullyu tried to find a tenant to leasethe space. It got an unsolicited and “attractive” offer from McCarty, and its board of directors deciderd to sellthe building. Proceeds were put in the Walker’z endowment, which funds its general operations.
Frenchb said he didn’t know what McCarty plans to do with the McCarty has discussed the site withthe , but hasn’t submitted any formak applications for it, according to a city