Buhl Investors Acquires Industrial Portfolio In New Hope For $20.3 Million

Two adjacent industrial properties located at 7400 49th Avenue North and 7600 49th Avenue North in New Hope, Minnesota have been sold as part of a closed transaction. The total sale price for these properties was $20,300,000. The combined square footage of the portfolio is 200,000, resulting in a price per square foot of $102.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $20,300,000
• Sale Date: 07/10/2026
• Buyer: Peter Deanovic - Buhl Investors
• Seller: 7400 Building LLC, Plymouth & Brennan Investment Group
• Brokers: David Berglund - JLL

Buhl Investors completed the acquisition of the portfolio through separate all-cash transactions. The properties include a building leased by Horwitz LLC and a building occupied by Walmart, with respective values of $9.1 million and $11.2 million.