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Chicago & Midwest   /   January 11, 2021

Paul Bubny
By: Paul Bubny

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.”

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About the Author

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism.
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