Westmount Realty Capital, LLC sold the I-35 Industrial Center, a 413,239-square-foot Class-B warehouse and distribution facility at 2300 State Highway 13 West in Burnsville, Minnesota. The facility is located 15 miles south of downtown Minneapolis.
ShopJimmy.com, an e-commerce company, has leased 100 percent of the mixed-use space for its headquarters since 2018.
ShopJimmy.com was founded in 2007 by Jimmy Vosika who began selling TVs on eBay. The company has since grown into a 47-employee e-commerce business, specializing in reverse logistics and consumer electric components, including TV parts, TV stands, lamps, component kits, board repair services, tech tools and electronic accessories.
Even with this sale, Westmount still holds four assets in Minnesota, totaling 433,181 square feet. The portfolio is 98 percent leased.
The industrial property was originally built in 1970, spanning about 21 acres and now serves as the corporate headquarters for ShopJimmy.com complete with a recycling center, showroom and storage space. It also has 23 dock doors, including 12 drive-in doors with 21-feet clear height. Westmount also repaired masonry work on the building’s exterior, painted the building and upgraded the parking lot. Its centralized location is 1 mile from I-35W and just north of Highway 13.
Mark Kolsrud, Pete Carbonneau and Peter Loehrer of Colliers represented the seller in the sale transaction.
