MLG Capital has acquired the Golden Triangle Portfolio in suburban Minneapolis for an undisclosed price. The flex portfolio includes a blend of industrial and office space across nine buildings in Edina and Eden Prairie. Golden Triangle is the 20th acquisition within MLG’s most recent fund, MLG Private Fund VI, and its 48th investment in metro Minneapolis. MLG partnered with Big River Real Estate on the acquisition.
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MLG Capital Acquires Nine-Building Industrial Portfolio in Suburban Minneapolis
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MLG Capital Acquires Nine-Building Industrial Portfolio in Suburban Minneapolis
MLG Capital has acquired the Golden Triangle Portfolio in suburban Minneapolis for an undisclosed price. The flex portfolio includes a blend of industrial and office space across nine buildings in Edina and Eden Prairie. Golden Triangle is the 20th acquisition within MLG’s most recent fund, MLG Private Fund VI, and its 48th investment in metro Minneapolis. MLG partnered with Big River Real Estate on the acquisition. Read more on REBusiness Online.
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MLG Capital Purchases Golden Triangle Portfolio in Minnesota
Flex property portfolio will support the Minneapolis MSA’s strong job market and growing labor force Brookfield, Wis. (November 20, 2024) – MLG Capital – a national leader in diversified private real estate investments – today announced its acquisition of the Golden Triangle Portfolio in the Minneapolis MSA. The flex portfolio includes a blend of industrial and office space across seven properties, nine buildings and 67 suites located across Edina and Eden Prairie, Minn. “MLG is excited to be partnering with Big River Real Estate in the acquisition of this flex industrial portfolio,” said Nathan Clayberg, Vice President at MLG Capital. “We believe this product type is highly desirable given the lack of new supply that has been created over the last 20 years. When combined with the demand of a desirable submarket in the Minneapolis metro, we think the Golden Triangle portfolio is going to be a great acquisition.” MLG believes the Minneapolis MSA is well-positioned for industrial and office assets, with a lower unemployment rate than the national average, 15 Fortune 500 companies and a lower industrial vacancy rate than the national average, according to Costar. The greater Minneapolis MSA is home to about 3,690,000 people and major employers,...
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