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Article: 2 business sites draw bidders; Despite a slow market, a recent sale of properties owned by First Industrial properties attracted several prospects.(BUSINESS INSIDER)
- Article from:
- Star Tribune (Minneapolis, MN)
- Article date:
- May 5, 2008
- Author:
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Byline: SUSAN FEYDER; STAFF WRITER
Chicago-based First Industrial Realty Trust has sold two separate office/warehouse properties in the Twin Cities for a total of more than $19 million. The deals were brokered by the Twin Cities office of Colliers Turley Martin Tucker.
Mark Kolsrud, senior vice president of investment services at Colliers, said both sales had several bidders and ultimately were made to two separate private partnerships made up of local investors. Kolsrud said the sales were part of portfolio management by First Industrial, whose holdings of industrial properties are among the largest in the Twin Cities.
The first sale involved ...