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Artis REIT sells 14-property Minn. industrial portfolio for US$71M

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Artis REIT sells 14-property Minn. industrial portfolio for US$71M

Artis Real Estate Investment Trust sold a 14-building, 1.2 million-square-foot industrial portfolio in Minneapolis/St. Paul, Minn., for US$70.6 million, Minneapolis/St. Paul Business Journal reported.

The buyers of the 81%-leased portfolio were Capital Partners LLP and PCCP LLC, according to the report.

CBRE Group represented Artis in the transaction.