Endeavor sells Arbor Lakes Business Park Buildings 3 & 4 in Maple Grove for $66 million
Two recently built industrial buildings in Maple Grove's Arbor Lakes Business Park have sold for a combined $66.5 million.
Two recently built industrial buildings in Maple Grove's Arbor Lakes Business Park have sold for a combined $66.5 million.
Edina-based Endeavor Development confirmed this week it sold Buildings 3 and 4, each of which has about 221,500 square feet of space. The buildings are located near the Interstate 94 and Highway 169 interchange. Endeavor developed the buildings in 2022 and 2023.
The buildings sold to LIPT Arbor Lakes LLC in a deal that closed Nov. 19, Endeavor confirmed the buyer is tied to LaSalle Investment Management, a subsidiary of JLL (NYSE: JLL). LaSalle Investment Management could not immediately be reached for comment.
Read the full article online at Minneapolis/St. Paul Business Journal
Endeavor sells north metro industrial building for $28 million
The Edina-based industrial developer sold the 264,000-square-foot I-94 Logistics Center, which it developed in 2022.
A 264,000-square-foot industrial building in Rogers that’s visible from Interstate 94 has changed hands.
Edina’s Endeavor Development sold the I-94 Logistics Center, located at 12195 Brockton Lane, to Atlanta-based MDH Partners for $28.5 million, representatives with Endeavor confirmed.
The deal closed Aug. 12, said Endeavor Principal Josh Budish.
Read the full article online at Minneapolis/St. Paul Business Journal