Eyde Development Acquires Three Minnesota Warehouses From Capital Partners For $29 Million

Eyde Development has purchased three Minnesota warehouses from Capital Partners for $29 million. The properties are located at 4354 Round Lake Road West in Arden Hills, 12235 Nicollet Avenue South in Burnsville, and 7620 West 78th Street in Bloomington. The industrial assets have a combined total square footage of 203,653 and were acquired as part of a 2017 portfolio deal.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $29,000,000
• Market: Arden Hills, Burnsville, and Bloomington
• Buyer: Eyde Development - Evemarie Eyde
• Seller: Capital Partners - Peter Mork

Eyde Development, represented by Evemarie Eyde, has successfully completed the acquisition of these three warehouses from Capital Partners at a price of $29 million. The transaction marks a strategic move for Eyde Development in expanding its industrial property portfolio in the state of Minnesota.