Several top firms and real estate brokers in Minneapolis are among the winners of the annual CoStar Power Broker Awards. Every year, CoStar’s research team verifies and records the commercial real estate sales and lease transactions that closed during the previous year. From that information, CoStar presents CoStar Power Broker Awards to a select number […]

Kaufman Container, a packaging components manufacturer, signed a lease for 50,000 square feet in the industrial building at 4607 E. River Rd. in Fridley, MN. The Northern Stacks I property totals 213,000 square feet in the North Central Industrial submarket of Anoka County. Hyde Development completed the building on-spec in Januaray 2015. Jason Simek and […]

Nilfisk-Advance, Inc., an international commercial cleaning equipment company, has signed a lease for 168,360 square feet for the entire industrial building at 9435 Winnetka Ave. N in Brooklyn Park, MN. The brand new building is expected to finish construction in the fourth quarter of 2015. Nilfisk will move into their space in April, relocating from […]

Duke Realty Corporation sold a portfolio of four industrial buildings in Minnesota to Colony Financial, Inc. for $41.5 million, or approximately $60 per square foot. The deal totals 692,373 square feet constructed in the 1970’s that was fully leased at the time of sale. Included in the sale is the 316,000-square-foot Hampshire Distribtuion Center North […]

The 123-unit Seward Flats at 2101 21st Ave. S in Minneapolis, MN sold for $6.1 million, or about $50,000 per unit. Included in the sale price was $125,625 of furniture and appliances in the building. George Zeller and Jason Quilling purchased the building together, forming a new partnership between two experienced multifamily investors. Built in […]