Safety Rail Co. Purchases 151630 SF Industrial Facility From Carlyle Group For $12.8M In Chanhassen

Safety Rail Co. has acquired a 151,630 square foot industrial warehouse located at 1000 Park Road in Chanhassen, MN, from Carlyle Group for a total of $12.8 million. The property is intended to be utilized as Safety Rail Co.'s new manufacturing facility.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $12,800,000
• Address: 1000 Park Road
• Market: Chanhassen, MN
• Square Footage: 151,630 SF
• Price per Square Foot: $84
• Buyer: Safety Rail Co.
• Seller: Carlyle Group
• Broker: Joe Owens - Colliers

This transaction facilitated the exit of tenant IWCO from the property, marking a significant move in the market orchestrated by broker Joe Owens of Colliers, who played a key role in bringing this deal to fruition.