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ST. PAUL, MINN., AND COLUMBUS, OHIO — Meritex Enterprises has sold two properties located in Minnesota and Ohio for a total of $40.85 million. In St. Paul, the company disposed of a 250,695-square-foot office building located at 444 Lafayette Rd. for $36 million. Meritex had recently completed renovations to the property as part of a 10-year lease renewal with the Minnesota Department of Human Services. Meritex will also be providing property management services for the new owner, which was undisclosed.
In Columbus, Meritex disposed of a 147,000-square-foot bulk distribution warehouse located at 1585 Westbelt Dr. for $ 4.85 million. The building is fully leased to Victory Packaging. The property was acquired by VP Partners.