CBRE Facilitates Sale and Acquisition Financing of Minnesota Industrial Portfolio
CBRE has successfully arranged the sale and acquisition financing for a 255,501-square-foot industrial portfolio located in Maple Grove, Minnesota. The portfolio, comprising two fully leased properties, was purchased by Enclave for $25.5 million from Artis REIT.
The brokerage team representing the seller included Judd Welliver, Bentley Smith, Zach Graham, Ryan Bain, Michael Caprile, and Joe Horrigan of CBRE. On the financing side, CBRE’s Capital Markets Debt and Structured Finance team in Minneapolis—led by Joel Torborg, Mike Vannelli, and Billy Mork—secured a fixed-rate, interest-only loan of $15 million on behalf of the buyer.
“The asset attracted strong investor interest due to its infill location and the stable, durable cash flow generated by tenants on long-term leases,” said Bentley Smith. “Additionally, the buyer is acquiring the property at a significant discount to replacement cost, which was a key factor driving the purchase decision.”
The properties are located at 9200 Forestview Lane N. and 9155 Cottonwood Lane, southwest of the intersection of Highway 610 and Highway 169 within the Northwest industrial submarket. Both properties are 100% leased to two tenants, making this a stabilized investment opportunity.
Industry professionals can also look forward to hearing from Carter Andrus, Chief Operating Officer of Prologis, who will be the keynote interview at Connect Industrial Midwest. The event is scheduled for Tuesday afternoon, March 10, 2026, at Joe’s Live in Rosemont, Illinois.
