September 06, 2017
By Jodi Schwan
The Globe University building has been sold.
The investment group CR Lloyd & Associates bought the 31,000-square-foot building at 5101 S. Broadband Lane in southwest Sioux Falls.
It’s part of The Edges office park, which includes major offices such as Meta Financial Group and Sammons Financial Group.
“The Edges development has been a featured office park in the southwest corridor of Sioux Falls. We have a lot of exciting things going on in that development, and we felt it was important for us to control that building,” said Raquel Blount of Lloyd Cos., who is leasing the space.
“It allows us flexibility with our existing office park,” she said, adding the building can accommodate a variety of users and already is drawing interest. We have three people we’ve been talking to already.”
Minnesota-based Globe will continue to use some space through the end of the year as the school closes out its programs. It stopped enrolling new students in Sioux Falls at the end of 2016, leaving about 100 students to finish classes.
Degrees could be completed through a sister company, Broadview University.
Dennis Breske, broker with NAI Sioux Falls, originally had the building for lease but found more interest from buyers.
“We had quite of bit of interest,” he said. “I had a couple other institutional and educational related parties that were interested. We had an offer from a church. And another company looked at it that decided to buy land and build instead. But I had a lot of interest.”