Chicago & Midwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

Chicago & Midwest  + Midwest  + Retail  | 

Pebb Sells Twin Cities Tesla Facility

Boca Raton, FL-based Pebb Enterprises completed the $9.12-million sale of a new Tesla Service Plus location in Maplewood, MN, a Twin Cities suburb. This is the firm’s third disposition of a Tesla facility.

The 18,787 square-foot facility is located on 3.12 acres at 2590 U.S. Highway 61. The seller was represented by Deborah Vannelli from Upland Real Estate Group and Adam Friedlander from Marcus & Millichap’s NNN Properties Group. The buyer wasn’t disclosed.

Pebb originally purchased the project site for $4 million in December 2017, and renovated it in 2019.

Recently, Pebb closed on the $12.87-million sale of a newly developed Tesla Service Plus in West Palm Beach, FL.

“It has been exciting for our firm to continue our successful relationship with Tesla,” said Pebb CEO Ian Weiner. “We are always looking for new opportunities to diversify our nationwide real estate portfolio and are extremely grateful to work with such an innovative company.”

Connect With Pebb Enterprises

For comments, questions or concerns, please contact Paul Bubny

Connect

Inside The Story

Connect With Upland’s VannelliConnect With Marcus & Millichap’s Friedlander

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
  • ◦Lease
New call-to-action
New call-to-action