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FIGURES I MINNEAPOLIS INDUSTRIAL 1032021 <br />Investment Sales <br />The Minneapolis Industrial market <br />continues to be attractive to <br />domestic and cross -border capital. <br />Total sale volume for 2021 could <br />approach the all-time high of $1.76 <br />billion set in 2020. <br />Nicola Wealth Real Estate entered <br />the Minneapolis market in 03 with <br />the $225 million purchase of the <br />Blackstone Minneapolis Industrial <br />Infill Portfolio. <br />CBRE represented the seller in the <br />sale of Chanhassen Lakes I & II to <br />Summerhill Commercial Real Estate. <br />FIGURE 8: 03 2021 Top Investment Sales <br />Property <br />Location <br />Price Per Sq. <br />Buyer Sale Price ($) Size (Sq. Ft.) Ft. ($) <br />Blackstone Minneapolis Industrial Infill Portfolio <br />Capitol Beverage Sale/Leaseback <br />Rankin Business Center <br />Energy Park Corporate Center <br />Chanhassen Lakes I & II <br />Source: CBRE Research, 03 2021. <br />4 CBRE RESEARCH <br />Various <br />Rogers <br />St. Paul <br />St. Paul <br />Chanhassen <br />Nicola Wealth Real Estate <br />WP Carey REIT <br />Big River Real Estate <br />Lincoln Property Company <br />Summerhill Commercial Real Estate <br />225,750,000 <br />26,500,000 <br />10,575,000 <br />9,150,000 <br />9,020,000 <br />1,915,637 <br />187,243 <br />107,000 <br />100,364 <br />106,359 <br />118 <br />142 <br />100 <br />91 <br />85 <br />FIGURE 9: Minneapolis/St. Paul Industrial Investment Volume (thousands) <br />$2,000 <br />$1,800 <br />$1,600 <br />$1,400 <br />$1,200 <br />$1,000 <br />$800 <br />$600 <br />$400 <br />$200 <br />$0 <br />2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 <br />Source: CBRE Research, 03 2021. YTD <br />CO 2021 CBRE, INC. <br />