Timberland Partners, Inc. agreed to acquire the property located at 10301 Bren Road West, Minnetonka from Talon Real Estate Holding Corp. (OTCPK:TALR) for $26 million on January 28, 2016. Pursuant to the agreement, the buyer will pay $0.1 million initial deposit and $25.9 million at closing, subject to adjustments as set forth in the purchase agreement. The transaction is subject to a diligence period and other conditions of the purchase and sale agreement typical of a real estate transaction. The deal is scheduled to close in early 2017. Timberland Partners, Inc. cancelled the acquisition of the property located at 10301 Bren Road West, Minnetonka from Talon Real Estate Holding Corp. (OTCPK:TALR) on November 1, 2016. The agreement was terminated by the buyer following the due diligence period.