Founders Properties Acquires Two-Building Industrial Portfolio In Eagan For $26.35M

Founders Properties acquired Gateway I & II, a fully leased two-building industrial portfolio located on Lone Oak Road in Eagan, Minnesota, for $26.35 million. The properties encompass a total of 169,656 square feet and feature 24’ clear heights, a sufficient number of dock doors, and fenced trailer parking, which supports their use as mid-bay industrial assets in high-density and well-connected areas.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $26,350,000
• Buyer: Founders Properties
• Address: Lone Oak Road, Eagan, MN
• Asset Size: 169,656 square feet
• Building Heights: 24’ clear heights
• Additional Features: Ample dock doors, fenced trailer parking

Founders Properties' acquisition aligns with their strategy for investing in industrial properties situated in prime locations, focusing on assets that are fully leased and meet the needs of businesses in high-density markets.