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Boston & New England  + Boston  + Industrial  | 
STAG Industrial, Inc., has purchased a fully leased, 164,701-square-foot, single-tenant distribution and warehouse facility fully in Shakopee, MN.

STAG Industrial Horns In on the Minneapolis Warehouse Market

An affiliate of Boston-based STAG Industrial, Inc., has purchased a 164,701-square-foot, single-tenant distribution and warehouse facility fully leased to Logistics Insight Corp., in the Minneapolis suburb of Shakopee, MN.

The one-building, front-load facility on 11 acres was constructed in 1984 and most recently renovated in 2020. It offers the tenant a clear height ranging from 20 to 21 feet, 19 dock-high doors, one drive-in door, LED lighting, low office finish and ample parking, in addition to approximately 1.5 acres of outside storage capacity.

 Shakopee is a growing and prominent southwest Twin Cities community 25 miles from downtown Minneapolis. According to JLL, the area is projected to obtain a 31% population growth between 2010 and 2040 and logged nearly 9% growth between 2010 and 2019.

JLL’s Colin Ryan and David Berglund represented the seller in the transaction.

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About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

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