Hyde Development, Mortenson Properties acquire three industrial properties in Twin Cities market

Hyde Development and Mortenson Properties partnered to acquire a portfolio of three fully-leased Class A industrial buildings totaling 360,000 square feet in the Twin Cities area.

Strategically located along the Highway 55 corridor in Eagan and Inver Grove Heights, the portfolio features access and visibility in one of the Twin Cities’ most active industrial submarkets.

This acquisition marks another collaboration between Hyde Development and Mortenson — two organizations with deep roots in the Minneapolis-St. Paul region and a shared vision for delivering high-performance, sustainable industrial real estate. The portfolio reflects the partners’ aligned commitment to quality, community and environmental stewardship, offering tenants not only operational efficiency but also a space designed for the future of logistics and manufacturing.

Hyde Development and Mortenson have previously partnered on projects in Fridley, Minnesota; Denver, Colorado; and Salt Lake City, Utah.

The seller was represented by Judd Welliver and Bentley Smith of CBRE’s Industrial National Partners team.