Industrial W Minnesota

CBRE sells three-building industrial portfolio in Minneapolis market

  

CBRE Capital Markets represented ownership in the sale of the Southwest Office/Tech Portfolio, a 166,650-square-foot office/tech portfolio in Eden Prairie, Minnesota.

Judd Welliver, Ryan Watts, Sonja Dusil and Tom Holtz of CBRE Capital Markets in Minneapolis represented the seller. The buyer is Red Tail Acquisitions, a private real estate investment firm based in Irvine, California. The sale closed Dec. 20, and marks RTA’s second industrial purchase in the Minneapolis market.

The Southwest Office/Tech Portfolio consists of three single-story office and tech buildings totaling 166,650 square feet. The portfolio includes Edenvale Executive Center A & B and Valley Gate North. The properties are located in Eden Prairie, a southwestern suburb of Minneapolis.