CBRE Capital Markets Arranges Sale of Fully-Occupied Minneapolis Industrial Portfolio
17 5 2018
CBRE Capital Markets completed the sale of a two-building, fully-occupied industrial portfolio totaling 509,910 square feet to an affiliate of STAG Industrial Inc.
Judd Welliver, Ryan Watts, Sonja Dusil and Tom Holtz in CBRE's Minneapolis office represented the seller. The sale closed May 15, 2018.
The portfolio consists of two buildings in South St. Paul and Mendota Heights that both offer low-office finish, functional clear heights and long-term tenants.
2250 Pilot Knob Road, an 87,183-square foot office/warehouse building, is fully-occupied.
The other property in the portfolio, 411 Farwell Avenue S. in South St. Paul, is a fully-leased 422,727-square foot warehouse facility.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.