CBRE Arranges Lease Renewal and Expansion for Sonex Health in Eagan, Minnesota

CBRE has arranged a lease renewal and expansion for Sonex Health at Grand Oak IV, a 43,200-square-foot industrial property in Eagan. The company’s total footprint is expanding from 20,000 to 31,000 square feet to accommodate its continued growth in office and manufacturing operations.

CBRE’s Mike Bowen and Matt Oelschlager represented the tenant in the transaction.

"We are thrilled to support Sonex Health in their continued success," said Bowen. "This expansion allows them to further their mission of improving patient outcomes and reinforces their commitment to innovation. We are proud to have partnered with them on this important milestone."

Sonex Health is an Eagan-based medical device company founded in 2014 by two former Mayo Clinic physicians, Dr. Darryl Barnes and Dr. Jay Smith. After developing and launching UltraGuideCTR, a device that enables carpal tunnel release to be performed under ultrasound guidance, Sonex Health introduced a second device, UltraGuideTFR, for trigger finger release.

"Mike Bowen and Matt Oelschlager at CBRE were instrumental in navigating the complexities of our lease renewal and expansion," said John Savage, CFO at Sonex Health. "Their expertise, market knowledge, and unwavering dedication were invaluable throughout the entire process. They truly understood our needs and worked tirelessly to secure the best possible outcome for Sonex Health."

"Mike's professionalism and commitment to our success were exceptional,” said Bob Paulson, President at Sonex Health. “He was a true partner, providing insightful guidance and ensuring a smooth and efficient negotiation. We are incredibly grateful for his hard work and dedication."