Music producers Jimmy Jam and Terry Lewis sell Flyte Tyme Studios

EDINA, Minnesota (AP) – Music producers Jimmy Jam and Terry Lewis have sold their Flyte Tyme Studios for $2.3 million. Jam and Lewis, who have produced more No. 1 hits than anyone except Beatles producer George Martin, have moved their production business to Los Angeles. They have produced hits for Michael Jackson, Mariah Carey, Boyz II Men and the Spice Girls, among others. The deal for the 18,000-square-foot (1,620-square-meter) facility closed Sept. 1, said Brian Fogelberg, who represented Jam and Lewis’ Flyte Tyme Productions. The buyer, Karl Bohn, is a prominent real estate developer who has been involved in a number of projects south of the Minnesota River. It’s expected that Bohn will continue to use the Flyte Tyme building for producing music. The five-studio building has been on the market since early in the year. Fogelberg said Bohn was not among a small group originally targeted as potential buyers for the building. “We are very pleased with the results,” Fogelberg said. “The Twin Cities is not like the Los Angeles with a deep music industry, and we knew there was a very limited market for such a high-end facility.”