Jim Owens' H.B. Fuller Acquires Industrial Property In Maple Grove For $14.7M

The sale transaction involved an industrial property located at 8401 Jefferson Highway in Maple Grove, MN. The property spans across 17.02 acres and encompasses a total of 105,000 square feet. The buyer, Jim Owens, represented the company H.B. Fuller, while the seller was 8401 Jefferson Highway Owner LLC. The sale price for this transaction was $14,700,000, resulting in a price per square foot of $140.

Summary of transation details

• Property Type: Industrial
• Transaction Amount: $14,700,000
• Address: 8401 Jefferson Highway
• Market: Maple Grove, MN
• Acres: 17.02
• Buyer: Jim Owens - H.B. Fuller
• Seller: 8401 Jefferson Highway Owner LLC
• Square Feet: 105,000
• Price Per Square Foot: $140

In addition to the sale, it is worth noting that H.B. Fuller recently acquired Aspen Research, a contract research organization specializing in materials science, engineering, and analytical testing. The acquisition included the 105,000-square-foot facility in Maple Grove, which features a research lab and manufacturing plant. The purchase price of $14.7 million translates to a price of $140 per square foot.