A commercial center on Rochester's Bandel Road recently sold for almost $1.6 million as an investment for the future.
Vance Prigge, majority owner and president of Atlas Insurance Brokers, bought the Bandel Road Business Center at 5721 Bandel Road N.W. from local architect David Kane. Its current tenants are Kelly Services and Thrivent Financial. There's about 2,000 square feet still available for another tenant.
Prigge describes the purchase as an investment with an eye to possibly use the building as a home for Atlas Insurance in the future. However, he has no immediate plans to make any moves or change anything about the building. He bought the property through his corporation, Centurion Blue Holding, LLC.
Commercial Realtor Scott Hoss handled the purchase for Rochester's Paramark Real Estate Services. Gary O’ Conner from Security State Bank of Wanamingo handled the financing.
The center was built by Rochester developer Jeff Brown in 2007.