Chicago-based First Industrial Realty Trust Inc.confirmed Thursday that it has recently acquired the Rivertown Distribution Center in Woodbury for $13.4 million.
The 252,000-square-foot distribution center and warehouse is located at Interstate 94 east of downtown St. Paul.
First Industrial is a leading owner and operator of industrial real estate across the country. It owns and manages more than 4.6 million square feet of industrial property in the Twin Cities alone.
"We are pleased to add this quality industrial facility in the Twin Cities as we continuously seek to enhance our portfolio in the region," said Chris Willson, senior regional director for First Industrial's Minneapolis office, in a statement. "Rivertown's convenient location, loading capabilities, and clear height are competitive features that suit the business requirements of our tenants."