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.
- 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.