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.

St. Louis firm buys local industrial properties

Posted by: Janet Moore Updated: April 7, 2014 - 2:41 PM

Three industrial properties in Brooklyn Park were recently sold to a St. Louis real estate investment firm for $25.7 million, according to a certificate of real estate value filed in Hennepin County last week.

Altus Northland LLC purchased 7601 Northland Drive, 9300 75th Av. N. and 7115 Northland Terrace in a deal that was made public on April 4. The seller was Minnesota Industrial Limited Partnership of Bethesda, Md.

On its website, Altus describes itself as one of the "largest privately held real estate investment firms in the Midwest," with a portfolio consisting of over 3.1 million square feet of multi-tenant office space, plus industrial and retail properties.

The firm owns other industrial properties in Burnsville, Bloomington and St. Louis Park.

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