CBRE has arranged the sale of a 386,724-square-foot state-of-the-art distribution center in Rogers, Minnesota.
STAG Industrial sold the property to PCCP JV Partners in a transaction that closed Sept. 22. A sale price was not disclosed.
The CBRE Minneapolis Institutional Properties team of Judd Welliver, Sonja Dusil, Ryan Watts, Bentley Smith, and Tom Holtz represented the seller, STAG Industrial, in the transaction.
The property, located at 19850 S. Diamond Lake Road, was developed in 2001 as a Class-A distribution center build-to-suit for Archway Marketing Services. The building has been fully occupied for 20 years, becoming vacant for the first time in October 2021.
