Industrial property continues to change hands in the Twin Cities.
According to certificates of real estate value filed in Hennepin County on Monday, an Illinois firm bought two industrial properties in the Twin Cities for $11.6 million.
UMIP LLC of Rosemont bought industrial property at 8401 Jefferson Hwy. in Maple Grove for $6.05 million from Stag II Maple Grove LLC, based in Boston.
In addition, UMIP bought industrial property at 7309 W. 27th St. in St. Louis Park for $5.53 million from Stag II of St. Louis Park LLC, the same firm in Boston.
On Monday, it was 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 bought 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.
