Forte real estate partners/ TCN Worldwide completes sale of 33,470 sq. ft. NE Minneapolis Industrial building for $4.5M
By:  Phil Simonet, Principal

Forte Real Estate Partner’s Phil Simonet, John Young, CCIM, and Joseph Schultz completed the sale of 2301 Traffic Street NE, a 33,470 sq. ft. warehouse/distribution property located in the much-desired Mid-City Industrial Park in Minneapolis, Minnesota.   Vertical Properties, LLC, represented by Albright Investments, acquired the asset, which was built in 1974 on 2.45 acres.  The building will be a Minnesota distribution center for flooring products.

“The strong sale price demonstrates the continued demand for well-located, functional industrial properties,” said Phil Simonet, Principal-Forte Real Estate Partners.

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2301 Traffic Street, Minneapolis

Q3-2022 Industrial Market Report

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Philip Simonet

Philip Simonet

Principal

o: 952-854-8381
c: 612-501-3870
phil.simonet@forterep.com
John Young, CCIM

John Young, CCIM

Vice President | Real Estate Advisory

o: 952-854-5067
c: 651-216-6565
john.young@forterep.com
Joseph Schultz

Joseph Schultz

Senior Associate | Real Estate Advisory

o: 952-854-8309
c: 651-500-7988
joseph.schultz@forterep.com

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