JLL Capital Markets has closed the $82.3 million sale of Plymouth Ponds Business Park, an eight-building, multi-tenant light industrial park in the suburban Minneapolis community of Plymouth, Minnesota.
JLL advised the buyer, Link Logistics, in the acquisition of the portfolio from the seller in an off-market transaction.
Situated on 60 acres at 17100 Media Road, Plymouth Business Park is at the intersection of Highway 55 and County Road, which provides easy access to Interstates 394 and 494. The park is about 13 miles west of downtown Minneapolis and 25 miles from the Minneapolis-Saint Paul International Airport.
The JLL Capital Markets team that represented the buyer was led by Senior Managing Directors Colin Ryan and David Berglund.
