Helgesen News

Minneapolis, Minnesota – December 3, 2015 – CBRE announces the sale of Helgesen Development Corp.’s single-tenant industrial portfolio in Marinette and Menomonie, Wisconsin for $34.5 million.

The CBRE Capital Markets team in Minneapolis led by Steve Buss, Judd Welliver, and Tom Simon represented Helgesen in the sale. The buyer is a joint venture organized by Alex. Brown Realty, Inc. and Biynah Industrial Partners, LLC.

Combined, the two buildings total 981,311 square feet and were 100 percent leased at the time of sale. In Menomonie, the 648,000-square-foot property located at 5929 Packer Drive is a bulk distribution facility built in 2002 fully leased to Andersen Corporation. 1731 Industrial Parkway in Marinette is a 333,311-square-foot manufacturing facility 100% leased to KS Kolbenschmidt US Inc., a producer of pistons for gas and diesel vehicles.

The Minneapolis based team of Steven Buss, Ryan Watts, Judd Welliver, Tom Holtz, and Sonja Dusil focuses on the disposition of single-tenant and multi-tenant industrial and office properties. The team also advises real estate operating companies on the sourcing and structuring of joint venture equity. Steven, Ryan and Tom are part of the 85-member CBRE Institutional Properties group. In 2014, the Capital Markets enterprise of CBRE including the Institutional Properties group completed over $104.2 billion in combined total U.S. capital activity.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.