CBRE has arranged the $88.5 million sale of a 941,564-square-foot industrial portfolio to Edina, Minnesota-based industrial real estate firm Capital Partners in a joint venture with Eagle Realty Group, a Cincinnati-based real estate investment firm.
The portfolio included eight buildings in Fridley, Eagan and Brooklyn Center, Minnesota, ranging in size from 72,268 square feet to 207,558 square feet.
Judd Welliver, Bentley Smith, Mike Caprile, Zach Graham, Ryan Bain and Joe Horrigan with CBRE National Partners represented the seller, PCCP, a Los Angeles-based real estate private equity manager, in the transaction.
The portfolio was 98% occupied at the time of the sale and comprises the following properties:
- Northpoint Industrial Center I, II & III – 5730 Main St. NE in Fridley – 207,588 sq. ft.
- Corporate Square A – 990 Apollo Road in Eagan – 90,143 sq. ft.
- Corporate Square E – 990 Apollo Road E in Eagan – 102,000 sq. ft.
- Corporate Square B – 1000 Apollo Road in Eagan – 72,268 sq. ft.
- Corporate Square C – 3110 Neil Armstrong Blvd. in Eagan – 74,088 sq. ft.
- Corporate Square F – 3160 Neil Armstrong Blvd. in Eagan – 96,000 sq. ft.
- Eagan Industrial Warehouse – 1170 Eagan Industrial Road in Eagan – 96,371 sq. ft.
- France Avenue Business Park I – 4837 Azelia Ave. N. in Brooklyn Center – 203,105 sq. ft.
