Industrial W Minnesota

Colliers International closes five-property industrial deal in Minneapolis

  

The Investment Sales team at Colliers International|Minneapolis-St. Paul represented First Industrial Realty Trust, Inc. in the sale of its five-property portfolio.

Westmount Realty Capital, out of Dallas, along with the company’s capital partner MLG Capital, of Brookfield, Wisconsin, purchased the properties totaling 845,622 total square feet of mostly multi-tenant industrial properties all located in the Minneapolis metropolitan area.

Located in the south and southwest sectors of the Minneapolis area and 100-percent occupied by regional and national companies, this property portfolio is made up of two bulk warehouse properties and three office-warehouse properties.

The Colliers International team of Mark Kolsrud, Dave Berglund Colin Ryan represented First Industrial in this transaction.