Hempel Real Estate Acquires Industrial Asset From Vascular Solutions Inc In Maple Grove For $7.1M

The asset involved in the transaction is an industrial property located at 6464 Sycamore Court North, Maple Grove, MN. The sale occurred on September 9, 2025, with a transaction amount of $7,100,000. The property spans approximately 79,937 square feet, with a price per square foot of $89.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $7,100,000
• Sale Date: 09/09/2025
• Address: 6464 Sycamore Court North
• Market: Maple Grove, MN
• Square Footage: 79,937
• Price per Square Foot: $89
• Buyer: Hempel Real Estate
• Seller: Vascular Solutions Inc

Hempel Real Estate acquired the property from Vascular Solutions Inc, which recently altered its plans following an acquisition by Teleflex Inc. Hempel secured a long-term lease with Laborie Medical Technologies, which is expanding into the Twin Cities market after acquiring Urotronic.