JLL Brokers Sale of 164,701 SF Distribution Center in Suburban Minneapolis

by Kristin Harlow

SHAKOPEE, MINN. — JLL Capital Markets has brokered the sale of a 164,701-square-foot distribution center in the Minneapolis suburb of Shakopee for an undisclosed price. Logistics Insight Corp. fully leases the facility, which was constructed in 1984 and renovated in 2020. Building features include clear heights ranging from 20 to 21 feet, 19 dock-high doors, one drive-in door, LED lighting and 1.5 acres of outside storage. Colin Ryan and David Berglund of JLL represented the seller, Interstate Development. An affiliate of Boston-based STAG Industrial Inc. was the buyer.

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