Duke Realty Corporation‘s Minneapolis office recently acquired three industrial buildings -— two in Roseville, Minn., and one in Shakopee, Minn., — totaling 356,143 square feet. The acquisition increases Duke Realty’s Minneapolis industrial portfolio by more than 10.6 percent to 3.7 million square feet.
Duke Realty’s nationwide industrial portfolio is now more than 108 million square feet. All the acquired industrial properties in the Minneapolis area are 100-percent leased.
“The acquisition of these three industrial properties is consistent with Duke Realty’s strategy to increase its investment in industrial assets in strong distribution markets,” said Pat Mascia, senior vice president, Minneapolis operations. “These properties meet all of our requirements for location and building features, making them excellent additions to our local portfolio.”
The two Roseville properties include I-35 Business Center and the FujiFilm building. I-35 Business Center is a 121,699-square-foot building leased to Milestone, an audiovisual equipment supplier, and Reliable Sprinkler, a fire sprinkler and sprinkler system control equipment company. The FujiFilm building totals 76,800 square feet.
The Minnesota Valley West building in Shakopee totals 157,644 square feet and is fully leased to COKeM, a video game and computer software distributor.
