Hempel Real Estate & TPG Angelo Gordon Acquire Industrial Site In Corcoran MN For $8.9M

The property asset involved in the transaction is an industrial facility located at 10585 Brockton Lane North in Corcoran, MN. The asset consists of approximately 286,120 square feet and was sold for $8,900,000, resulting in a price per square foot of $31.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $8,900,000
• Address: 10585 Brockton Lane North
• Market: Corcoran, MN
• Square Footage: 286,120
• Price Per Square Foot: $31
• Buyer: Hempel Real Estate & TPG Angelo Gordon
• Broker: Judd Welliver - CBRE

The transaction involved Hempel Real Estate and TPG Angelo Gordon acquiring the asset to initiate the first phase of Brockton Business Park. This site is a key component of their $300 million industrial development initiative across the Midwest.