A joint venture partnership between Oak Brook-Illinois-based real estate investor Clear Height Properties and Harbert US Real Estate has acquired a 121,684-square-foot, multi-tenant light industrial complex at 9201 E. Bloomington Freeway in Bloomington, Minnesota, known as the “Bloom Tech” complex.
The property is comprised of 14 tenants with 20 dock-high doors and five drive-in doors.
“Bloom Tech features a diverse tenant roster with historical long-term retention,” said Jacob Swartz, Associate Director of Acquisitions, Clear Height Properties. “The property is strategically located two turns off of the intersection of I-35 and 94th Street, providing the tenants easy ingress and egress throughout the Twin Cities.”
Bentley Smith and Judd Welliver of CBRE National Partners were the sole brokers in the purchase transaction.
