United Properties Sells Three Industrial Buildings In Eagan And Inver Grove Heights For $57M

United Properties sold three fully leased industrial buildings totaling 362,920 SF located at 2999 Ames Crossing Road and 8360 Courthouse Boulevard East in the Eagan and Inver Grove Heights, MN markets for $57,000,000, which translates to approximately $157 per square foot.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $57,000,000
• Square Footage: 362,920
• Address: 2999 Ames Crossing Road & 8360 Courthouse Boulevard East
• Market: Eagan & Inver Grove Heights, MN
• Price per Square Foot: $157
• Seller: United Properties
• Broker: Judd Welliver - CBRE

CBRE’s Judd Welliver brokered the deal, citing strong tenancy across nine tenants and high-functionality as key drivers for the undisclosed buyer’s interest in the properties.