The Investment Sales team at Colliers International | MinneapolisSt.Paul represented Minnesota-based Wildamere Capital Management, in the sale of their 13-property portfolio valued at $110MM. Brennan Investment Group, out of Chicago, along with the company’s capital partner Arch Street Capital, of Connecticut, purchased 11 of the 13 properties totaling 2.5 million square-feet, of the 2.7 million total square feet, of mostly single-tenant industrial properties. The additional two properties were purchased by tenants.
“This portfolio needed a buyer who could calculate the risks associated with shorter term leases and single-tenant property characteristics,” said Dave Berglund, Vice President at Colliers International | Minneapolis-St. Paul, “Brennan was a great match to tackle this portfolio and will be able to capitalize on the value-add nature of this opportunity.”
Located in 10 U.S. states and 95 percent occupied, the property portfolio includes manufacturing facilities, warehouses and office buildings. High-profile tenants include: Tesla, Johnson & Johnson, Bluestem and Leedsworld.
Scott McKibben, Chief Investment Officer of Brennan Investment Group, says "These types of national portfolio properties are precisely the type of value-add deals that Brennan Investment Group is seeking to acquire. We appreciated the collaboration from the industrial investment team at Colliers International | Minneapolis-St. Paul on this acquisition and have engaged this same team on an additional large, national disposition as well."
The Colliers International | Minneapolis-St. Paul Investment team of Senior Vice President Mark Kolsrud, Vice President Dave Berglund, and Vice President Colin Ryan represented Wildamere Capital Management in this transaction.