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Boston REIT Pays $14.6 Million for Single-Tenant Distribution Facility in Suburban Minneapolis

Joint Venture Sells Industrial Building Fully Leased to North American Roofing Manufacturer
Located at 8175 N. Jefferson Highway, the 102,994-square-foot industrial property is fully leased on a triple-net basis to GAF Materials LLC. (JLL)
Located at 8175 N. Jefferson Highway, the 102,994-square-foot industrial property is fully leased on a triple-net basis to GAF Materials LLC. (JLL)
By Malanee Erenna
CoStar Research
December 23, 2020 | 5:35 P.M.

An affiliate of Boston-based real estate investment trust Stag Industrial has purchased a single-tenant distribution center in Minneapolis suburb Maple Grove for $14.55 million.

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News | Boston REIT Pays $14.6 Million for Single-Tenant Distribution Facility in Suburban Minneapolis