Clear Height Properties has purchased a 79,028-square-foot two-building business park at 1775 and 1801 Old Highway 8 in New Brighton, Minnesota.
The value-add urban industrial tech acquisition is the first in Minnesota for Clear Height.
Located in the I-694/I-35W corridor, the 11-unit complex is 87% leased and is located roughly 20 minutes north of the Twin Cities. The Twin Cities industrial market has witnessed tremendous growth from users—increasing from 5.0M+ in 2014 to 12.0M+ in 2021.
Tenants enjoy access to a robust labor pool, retail amenities, housing, and immediate access to interstate highways.
Harrison Wagenseil and Erik Coglianese of Transwestern represented the seller. Transwestern will also handle the leasing.