CBRE has arranged the sale and acquisition financing for a 255,501-square-foot industrial portfolio featuring two properties in Maple Grove, Minnesota. Enclave purchased the portfolio from Artis REIT for $25.5 million.
CBRE’s Judd Welliver, Bentley Smith, Zach Graham, Ryan Bain, Michael Caprile and Joe Horrigan represented the seller in the transaction. CBRE’s Joel Torborg, Mike Vannelli and Billy Mork of CBRE Capital Markets’ Debt and Structured Finance team in Minneapolis secured the fixed-rate, interest-only $15 million loan on behalf of the buyer.
“The asset attracted strong investor interest due to its infill location and the stable, durable cash flow generated by tenants on long-term leases,” said Smith. “Additionally, the buyer is acquiring the property at a significant discount to replacement cost, which was a key factor driving the purchase decision.”
The offering, located at 9200 Forestview Lane N. and 9155 Cottonwood Lane, is currently 100% leased to two tenants and is located southwest of the intersection of Highway 610 and 169 in the Northwest industrial submarket.
Don’t miss Carter Andrus, Chief Operating Officer of Prologis, as the keynote interview at Connect Industrial Midwest— taking place Tuesday afternoon, March 10, 2026, at Joe’s Live in Rosemont, IL.
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