Standard, Endeavor Sell 174,288 SF Cobalt Business Center in Metro Minneapolis

MENDOTA HEIGHTS, MINN. — Standard Real Estate Investments LP and Endeavor Development have sold Cobalt Business Center, a 174,288-square-foot industrial facility in Mendota Heights. A private investor acquired the asset. Located on a 10.1-acre infill site, Cobalt Business Center offers access to MSP International Airport and major corridors including I-494, I-35E and Highways 55 and 62. The property features a clear height of 32 feet, 15 dock positions, motion-sensing LED light fixtures, ESFR fire protection sprinkler system and 4,000 amps of power. The property, formerly a vacant office asset, was transformed into a modern industrial building in 15 months. The property was fully pre-leased prior to construction completion.