CBRE has arranged a $100 million recapitalization of a 36-property industrial service facility portfolio in a joint venture between Wayzata, Minnesota-based Moir Park Capital and Eden Prairie, Minnesota-based Hempel Real Estate.
Judd Welliver, Bentley Smith, Michael Caprile, Ryan Bain, Zachary Graham, Joseph Horrigan, Will Pike and Victoria Gomez with CBRE National Partners represented Moir Park Capital in the transaction.
This portfolio includes industrial assets across 20 states totaling 201 acres and nearly 630,000 square feet. All 36 properties are currently 100% occupied by eight tenants averaging over 19 years in tenure. Tenants include United Rentals, Gerber Collision & Glass, Kaige Kubota, Caliber Collision, Sunbelt Rentals, Home Depot, Cummins and H&E Equipment Services.
