CBRE recently represented Belt Line Properties, Inc., in the sale of five properties within the Belt Line Properties portfolio in St. Louis Park, Minnesota, to Water Street Partners, LLC.
Judd Welliver, Ryan Watts, Sonja Dusil, Tom Holtz, Bentley Smith and Brian Pankratz of CBRE Minneapolis represented the seller in the transaction.
The five, single-story infill office and industrial assets total 97,551 square feet and include:
• Belt Line 1, 4930 35th St. W.
• Belt Line 2, 4906 35th St. W.
• Belt Line 3, 4838 35th St. W.
• Belt Line 8, 5050 36th St. W.
• Belt Line 9, 3529 Raleigh Ave. S.
The properties are currently 100 percent occupied by 11 tenants on eight acres of land.
