Minneapolis Industrial Portfolio

• • 833,193 square foot industrial portfolio consisting of 11 buildings throughout the Minneapolis, MN metro area.
  • Acquired in five separate transactions; 83% average occupancy at acquisition.
  • 18’ – 24’ clear height infill class “B” industrial portfolio
  • Business plan to assemble institutional-sized portfolio, lightly renovate, increase occupancy, and improve tenant retention through attentive management.

Investment Highlights

• Financed with a long term senior loan from that included prepayment flexibility to allow for multiple exit scenarios.
• Completed targeted capital improvements including roof replacements, monument signage upgrades, parking lot resurfacings, and building repaintings.
• Signed over 550,000 square feet of new leases and renewals.
• Sold in January 2018 at 91% occupancy.