CommunityAmerica Federal Credit Union v. Metropoint 300/400 Owners (St. Louis Park Office Foreclosure)
CommunityAmerica Federal Credit Union filed two foreclosure lawsuits in Hennepin County District Court against the owners of the Metropoint 300 and Metropoint 400 office buildings in St. Louis Park, Minnesota, seeking to recover roughly $46M after the 918,000-square-foot campus lost anchor tenant Wells Fargo, which had occupied more than half the complex. Both buildings are now scheduled for a foreclosure auction in September 2026.
Why it matters
One of several office foreclosure actions filed nationally this summer (alongside a $417.7M foreclosure on Boca Raton's Mandarin Oriental Residences and a court-ordered receivership over San Francisco's Central Tower) signaling lenders are moving from forbearance to litigation more quickly as anchor-tenant departures and depressed appraisals erode office collateral value. Owners with looming lease rollovers near loan maturity should treat these filings as an early-warning benchmark for lender posture.
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