MLG Capital Acquires 265,516 Square Foot Industrial Property In Lino Lakes For $23M From Biynah Industrial Properties

MLG Capital acquired an industrial property located at 435 Park Court in Lino Lakes, Minnesota. The transaction involved a sale price of $23,000,000, encompassing a total square footage of 265,516. The property, constructed in 2003, features 30-foot clear heights and includes 23 dock doors.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $23,000,000
• Buyer: MLG Capital
• Seller: Biynah Industrial Properties
• Square Footage: 265,516
• Price per Square Foot: $87
• Date of Sale: 05/26/2026
• Market: Lino Lakes, MN

MLG Capital's acquisition is part of a broader strategy to expand its portfolio in the Twin Cities area, indicating their continued interest in industrial assets. The transaction reflects an ongoing trend in the industrial real estate market.