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Minneapolis-area flex facility sells in 1031 exchange

Repositioned Chanhassen industrial property attracts long-term tenant before sale
The fully leased Chanhassen, Minnesota, flex facility traded as part of a value-add repositioning strategy. (CoStar)
The fully leased Chanhassen, Minnesota, flex facility traded as part of a value-add repositioning strategy. (CoStar)
By Jack Drewicz with
CoStar Research
June 30, 2026 | 10:03 P.M.

Glen Una Investment & Management Co. acquired a 78,943-square-foot flex facility at 8170 Upland Circle in Chanhassen, Minnesota, from Buhl Investors for $10.75 million, or $136.17 per square foot. The transaction was structured as a 1031 exchange.

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