Marino: SIOR members arrange $110 million portfolio sale
Russ Colchamiro, Megan Romano Marino
212-889-0808 / 857-362-8897
Washington, DC – October 3, 2017 – The Society of Industrial and Office Realtors (SIOR) is pleased to announce the execution of a 13-property portfolio sale completed by members Mark Kolsrud, SIOR, and Dave Berglund, SIOR Candidate Member, of Colliers International, Minneapolis-St. Paul. As part of the Investment Sales team at Colliers, Senior Vice President Kolsrud and Vice President Dave Berglund assisted in the representation of Minnesota-based Wildamere Capital Management in the $110 million sale of 2.7 million square feet of primarily single-tenant industrial properties.
“This significant transaction success is merely the latest demonstration of diligence, collaboration, and accomplishment by world-class SIOR designees, in this instance by Mark Kolsrud, SIOR and Dave Berglund, SIOR Candidate Member, from our Minnesota Chapter, and further proves that SIOR Global continues to shine as a worldwide leader in the commercial and industrial real estate space,” said Geoffrey Kasselman, SIOR, LEED AP, the 2017 SIOR Global President. “SIOR members overall have had an extraordinary year as we continue to assert ourselves as leading deal-makers, industry influencers, and community leaders… with much more to come!”
Brennan Investment Group, out of Chicago, along with the company’s capital partner Arch Street Capital, of Connecticut, purchased 11 of the 13 properties totaling 2.5 million square-feet. The additional two properties were purchased by tenants.
The portfolio of manufacturing facilities, warehouses, and office buildings is currently 95 percent occupied and encompasses 10 U.S. states, including: Minnesota; Wisconsin; Michigan; Indiana; Ohio; Pennsylvania; Idaho; North Carolina; Alabama; and Florida. High-profile tenants currently occupying space in those properties include Tesla, Johnson & Johnson, Bluestem and Leedsworld.
Colliers International Vice President Colin Ryan was also part of the team who represented Wildamere Capital Management in this transaction. The deal closed at the end of August.