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FIGURES I MINNEAPOLIS INDUSTRIAL 1032024 <br />Industrial Sales <br />In Minneapolis, Industrial sales volume totaled over $460 million in the third quarter of 2024, bringing the <br />rolling 4-quarter volume to approximately $1.81 billion. Quarterly volume represented a 12.5% increase year <br />over year. The Link Logistics' Minneapolis High Growth Portfolio sale contributed over $13OM to the total <br />sales volume and was the largest Industrial transaction of the quarter. <br />Q3 Industrial sales were predominantly investment transactions representing over 70% of the total sales <br />volume for the quarter and 71% of the total sales volume year-to-date. Office Warehouse properties accounted <br />for 51% of the quarter's total sales volume, followed by Bulk Warehouse at 39%. <br />Of the top Industrial sales transacted this quarter, CBRE participated in the sale marketing of the Minneapolis <br />High Growth Portfolio, Eagan Innovation Center, I-94 Logistics Center and the Minneapolis Value Add Light <br />Portfolio bringing our total market share to over 53% for the quarter. <br />FIGURE 11: 03 2024 Top Industrial Sales <br />Property <br />Location Buyer Sale Price Size (SF) Price Per <br />SF ($) <br />Minneapolis High Growth <br />Portfolio <br />Various Centaur Capital Partners $130.3M 1,198,270 $109 <br />Blaine 35 Industrial Park Blaine EQT Exeter $45.7M 317,646 $144 <br />`Eagan Innovation Center Eagan Hunt Electric Corporation $44M 300,000 $147 <br />1-94 Logistics Center Rogers MDH Partners $28.5M 263,775 $108 <br />Zachary Distribution Center Maple Grove Altus Properties $21.625M 172,224 $126 <br />*Amazon - Park 81 Maple Grove Amazon $16.7M 75,704 $221 <br />Minneapolis Value Add Light Various Saber Hall Partners $15.1M 170,528 $89 <br />Source: CBRE Research, 03 2024 <br />Portfolio <br />'Indicates owner User Sale <br />CBRE RESEARCH <br />FIGURE 12: Investment vs. Owner User Sales Volume, 2020-03 2024 <br />Volume (5) <br />1400M <br />1200M <br />1000M <br />800M <br />600M <br />400M <br />200M <br />Investment Owner/User Owner User <br />70% <br />Q1 Q2 03 Q4 Q1 02 03 Q4 01 Q2 03 04 01 Q2 Q3 Q4 Q1 Q2 Q3 <br />2020 2021 2022 1 2023 2024 <br />Source Real Capital Analyhcs, COSter, CORE Research, 032024. <br />FIGURE 13: 03 2024 Investment Sales by Product Type <br />Office <br />Showroom <br />2% <br />Office <br />Warehouse <br />52% <br />Other <br />7% <br />Source: Real Capital Anelyncs, COSter, CBRE Research, 032024 <br />60% <br />50% <br />40% <br />30% <br />20% <br />10% <br />o% <br />© 2024 CBRE, INC. <br />