News release

JLL closes sale and financing of a seven-property industrial portfolio in the Twin Cities

The 96%-leased portfolio totals 376,218 square feet and is located in Roseville, Oakdale and Woodbury, Minnesota

January 03, 2023

Cierra Lacasse

Hotels & Hospitality and Capital Markets
+ 1602 648 8701

MINNEAPOLIS, Jan. 3, 2023 – JLL Capital Markets announced today that it has closed the sale of and arranged acquisition financing for a seven-property industrial portfolio totaling 376,218 square feet in Roseville, Oakdale and Woodbury, Minnesota.

JLL marketed the portfolio on behalf of the seller, Link Logistics, procured the buyer, Minneapolis-based Biynah Industrial Partners, and arranged the acquisition financing.

The portfolio is 96% occupied by 18 tenants covering a wide range of industries, including medical technology, manufacturing, building materials, apparel accessories and more. This is on par with the market’s total vacancy, which JLL’s Industrial Insights Minneapolis-St. Paul Q3 2022 notes as 4.5%, resulting from the strong tenant demand in the area with 11 million square feet of tenants actively in the market.

The buildings offer 17’-20’ clear heights, an average of seven dock doors each, ample car parking and market office finish. The properties include:

  • 6744 33rd St. North, Oakdale, MN
  • 6866 33rd St. North, Oakdale, MN
  • Carver Lake, 2280-2310 Ventura Dr., Woodbury, MN
  • Gateway Business Center, 2100-2140 West County Rd. C, Roseville, MN
  • Granada I Business Center, 3350 Granada Ave. N, Oakdale, MN
  • Granada II Business Center, 3400 Granada Ave. N, Oakdale, MN
  • Granada III Business Center 3220 Granada Ave. N, Oakdale, MN

The assets are well located within infill submarkets inside the Interstate 494/694 loop and are within a 20-minute drive of downtown Minneapolis and St. Paul. Tenants of the properties are positioned to reach millions of people in major cities within a few hours’ drive, including Madison (3.5 hours), Milwaukee (4.5 hours) and Chicago (6 hours).

The JLL Capital Markets Investment Sales Advisory team representing the seller was led by Senior Managing Directors Colin Ryan and David Berglund and Senior Director Erin Fitzgerald.

The JLL Capital Markets Debt Advisory team representing the borrower was led by Managing Directors Matthew Schoenfeldt and Scott Loving and Director Lucas Borges

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources on JLL, please visit our newsroom.

About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $19.4 billion, operations in over 80 countries and a global workforce of more than 102,000 as of September 30, 2022. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit

About Biynah Industrial Partners

Biynah Industrial Partners (BIP) is a Minneapolis based private equity firm that makes direct investments in industrial real estate located throughout the United States. BIP’s primary focus is directly investing in U.S. industrial real estate. The properties BIP acquires are well-located, highly functional, and purchased at a discount to replacement cost.