22-building, 1.9 million-square-foot infill portfolio in Minneapolis
Minneapolis, MN (September 22, 2021) - Leading diversified professional services and investment management company Colliers announced today the sale of a portfolio of 22 industrial properties dispersed throughout the Minneapolis market totaling 1,915,637 square feet. Colliers MSP Office and Industrial Investment Services Team of Mark Kolsrud, John McCarthy, Peter Carbonneau, Peter Loehrer, Kyle Delarosby and Lydia Paasch led negotiations with the buyer Nicola Wealth Real Estate Acquisitions LTD on behalf of the seller, a national owner of industrial assets. The seller’s portfolio was comprised of two sub-portfolios, one of high office finish located in the southwest market of Minneapolis and the other of more traditional warehouse and distribution product.
“With the demand for industrial warehouses and distributions at an all time high, sourcing and selecting a buyer was a highly competitive process,” said Kolsrud, senior executive vice president. “Our team and the seller feel very fortunate to have found a reliable and committed buyer in Nicola Wealth. We with them the best of luck on their first investment in the Twin Cities.”
About Colliers International
Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 67 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to real estate occupiers, owners and investors. For more than 25 years, our experienced leadership with significant insider ownership has delivered compound annual investment returns of almost 20% for shareholders. With annualized revenues of $3.0 billion ($3.3 billion including affiliates) and $40 billion of assets under management, we maximize the potential of property and accelerate the success of our clients and our people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn.
Media Contact:
Solana Tanabe
Allison+Partners for Colliers Minneapolis
solana.tanabe@allisonpr.com
+1 916 799 3193