John Moragne Of Broadstone Net Lease Acquires Industrial Property In Minneapolis For $53.8M

The property asset involved in this transaction is a 600,000 square foot industrial building situated on 21.8 acres at 701 Northeast Industrial Boulevard in Minneapolis, MN. The sale was completed for a total of $53,800,000, translating to a price per square foot of $90.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $53,800,000
• Buyer: John Moragne - Broadstone Net Lease
• Seller: J.J. Taylor Companies, Inc
• Date of Sale: 08/06/2025
• Market: Minneapolis, MN
• Acres: 21.8
• Square Footage: 600,000
• Price per Square Foot: $90

This transaction involved John Moragne, representing Broadstone Net Lease, acquiring the property from J.J. Taylor Companies, Inc, which is linked to an LLC in the deal. The property is currently fully occupied by Breakthru Beverage Group, which acquired J.J. Taylor’s beer business in 2022.