Cabot Properties Sells North Central Portfolio Of 11 Industrial Buildings Across Chicago And Minneapolis

An 11-building industrial portfolio, titled North Central Portfolio, has been sold. The portfolio encompasses a total of approximately 2.5 million square feet across the Greater Chicago and Minneapolis markets, consisting of six properties in the Chicago area measuring 1.6 million square feet and five properties in Minneapolis totaling nearly 1 million square feet.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Undisclosed
• Seller: Franz F. Colloredo-Mansfeld - Cabot Properties
• Broker: CBRE
• Market: Chicago, IL & Minneapolis, MN

The transaction involved a global asset manager acquiring the North Central Portfolio, with CBRE Capital Markets representing Cabot Properties in the sale. The deal reflects the ongoing interest in industrial real estate across key markets.