Andrew Schlossberg Of Invesco Acquires Two Industrial Buildings In Maple Grove For $74.15M

The transaction involves two industrial buildings located at 10701 Fountains Drive North and 10700 73rd Place North in Maple Grove, MN. The total sale price for the properties was $74,150,000, encompassing a total square footage of 406,000 with a price per square foot of $183.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $74,150,000
• Buyer: Andrew Schlossberg - Invesco
• Seller: Josh Budish - Endeavor Development; Donald Kuemmeler - Pacific Coast Capital Partners
• Brokers: David Berglund & Colin Ryan - JLL

Invesco acquired the buildings at Maple Grove’s Arbor Lakes Business Park following a stabilization of occupancy by the sellers Endeavor Development and Pacific Coast Capital Partners. The brokers facilitating the transaction were David Berglund and Colin Ryan from JLL.