CBRE Capital Markets recently closed the sale of Blaine Preserve Business Park III, a 248,816-square-foot distribution center in the northern suburb of Blaine, to STAG Industrial. Blaine Preserve Business Park III is in Blaine Preserve Business Park, a 132-acre park developed by United Properties. The sale includes one Class A building completed in January 2018 that is fully occupied by Arrowhead Electrical Products, Inc. on a long-term lease.
Judd Welliver, Ryan Watts, Sonja Dusil, Tom Holtz and Bentley Smith in CBRE’s Minneapolis office represented the seller, United Properties. The highly-functional newly-constructed industrial building offers 32’ clear height, ESFR sprinkler system, 19 dock doors (26 future), two grade-level drive-in doors, and 307 parking spaces. The property is located at 3787 95th Avenue NE, just 20 minutes from downtown Minneapolis and easily accessible to Interstate 35W.
