Industrial demand remains strong
27 Dec 2021
News, Todd, Wright Hennepin
Minnesota’s industrial market saw heightened activity this year — a continuation of the trend from last year.
The Blackstone Group topped portfolio transactions again in 2021 with a 22-building acquisition worth $247 million in April. But Nicola Wealth’s first foray into Minnesota real estate nearly reached this amount, with its 22-building portfolio hitting $225.745 million. No other industrial portfolio or individual transactions reached nine figures this year.
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Tom Lambrecht