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Transwestern’s Minneapolis office today announced that it has negotiated the sale of the Evergreen industrial portfolio, an 11-building office/warehouse portfolio located in Roseville and Shoreview, Minneapolis. Dan Russ and Duane Poppe of Transwestern represented the sellers in the transaction, Waterton Commercial and Lehman Brothers. The diversified portfolio consists of well-located assets in the northern suburbs of Minneapolis/St. Paul.
Russ, stated, “The portfolio presents an outstanding value-add opportunity.” Poppe, who has a long history working with Waterton on the Evergreen portfolio added, “These buildings present a functional and affordable alternative for companies seeking a presence in the Northeast suburban area”.
About Transwestern
Transwestern is a national, privately-held operating company specializing in commercial real estate services, investment and development. The firm’s fully integrated approach delivers value to owners, investors and users of commercial real estate through innovation, penetrating market intelligence and legendary service delivered by teams of local experts. Transwestern has product specialties in office, industrial, retail, multifamily and healthcare and is an industry leader in sustainability solutions and in market research through its affiliate, Delta Associates.