CBRE Capital Markets has arranged the sale of the two-property Minneapolis Core-Plus Logistics Portfolio.
Judd Welliver, Ryan Watts, Sonja Dusil, and Tom Holtz in CBRE’s Minneapolis office represented the seller, The Meritex Company. Cabot Properties, Inc. purchased the portfolio, which features two high quality logistics buildings located in Rogers, Minnesota.The two building portfolio totals 386,295 square feet of 32’ clear institutional quality logistics buildings that are 88 percent leased.
“The offering received a very positive response from high profile capital sources supporting a renewed interest in the Rogers submarket from institutional industrial investors. This is a re-entry into Minneapolis for Cabot and allows Meritiex to reposition
its industrial portfolio for continued growth in development and newer generation properties,” said Judd Welliver, Senior Vice President, CBRE.
