CBRE has arranged the sale of the recently completed InverPoint Business Park I, an 80,000-square-foot industrial warehouse facility in Inver Grove Heights, Minnesota.
The building, at 8450 Courthouse Blvd., was sold to STAG Industrial, Inc. in a transaction that closed Feb. 24. A sales price was not disclosed.
The build-to-suit industrial warehouse building is fully leased by Simpson Strong-Tie, a leading provider of structural products for the construction of safe, strong homes and buildings. The Class-A facility offers 24-foot clear heights, about 7,200 square feet of office, more dock space and a large training center to accommodate Simpson Strong-Tie’s growth.
Judd Welliver, Ryan Watts, Sonja Dusil, Bentley Smith and Tom Holtz of CBRE Minneapolis represented the developer and seller, United Properties, in the transaction.
The property is the first of five planned projects to be completed in the InverPoint Business Park currently being developed by United Properties.
