Capital Partners Acquires Industrial Portfolio In Minneapolis & St. Paul For $249M

The industrial property located in the portfolio of Minneapolis & St. Paul has been sold. The sale was facilitated by Jason Simek, representing Capital Partners - Jason Simek and Investcorp, acting as the buyer. The property was sold by Artis REIT. The transaction took place on November 13, 2022. The property spans 2,500,000 square feet and was sold for a price of $249,000,000, resulting in a price per square foot of $100.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $249,000,000
• Address: Portfolio
• Market: Minneapolis & St. Paul

Jason Simek, representing Capital Partners - Jason Simek, and Investcorp played a crucial role as the buyer's representatives in this deal. They successfully acquired the industrial property from Artis REIT, marking a significant transaction in the Minneapolis & St. Paul market.