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.

More industrial-sized deals in the TC

Posted by: Janet Moore Updated: April 8, 2014 - 2:07 PM

Industrial property continue to change hands here in the Cities.

According to certificates of real estate value filed in Hennepin County on Monday, an Illinois firm purchased two industrial properties in the Twin Cities for $11.6 million.

UMIP LLC of Rosemont, Ill., purchased industrial property at 8401 Jefferson Highway in Maple Grove for $6.05 million from Stag II Maple Grove LLC, based in Boston.

In addition, UMIP purchased industrial property at 7309 27th St. W. in St. Louis Park for $5.53 million from Stag II of St. Louis Park LLC, the same firm in Boston.

On Monday, we reported that three industrial properties in Brooklyn Park sold last week to a St. Louis real estate investment firm for $25.7 million. 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.

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