Just Listed brings you the latest news and information from the Twin Cities-area commercial and residential real estate market and beyond from veteran reporters Jim Buchta and Janet Moore.

Woodbury distribution center sold

Posted by: Janet Moore Updated: January 23, 2014 - 10:21 AM

The Rivertown Industrial Center was sold to a Chicago-based firm for $13.4 million.

The 251,000-square-foot distribution center, located at 375 Rivertown Drive, was sold to First Industrial Realty Trust, according to CBRE, which represented the seller, HIgh Street Equity Advisors LLC. High Street is a private equity real estate firm that focuses on institutional properties in the eastern half of the United States (including the Midwest and Texas).

Built in 1997, the Woodbury building is 100 percent occupied by two tenants.

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