Realterm, an independent global investment manager focused on the transportation industry, today announced the acquisition of 2340 Rose Place W, in Roseville, MN an industrial outdoor storage fleet maintenance and intermodal facility on 6.3 acres. This marks the firm’s third acquisition in the region.

Developed in 2021, the Class A property includes five oversized drive-in doors, four dock-high loading positions, and a two-story, 7,300-square-foot office component. The facility showcases high flow through (HFT) capabilities with extensive container/trailer parking capacity, a fully paved, fenced, and secured lot, and industrial-grade floor drains and waste traps. The site is fully leased to a leading asset-light freight and logistics company that provides services across the United States and Canada.

“Minneapolis has emerged as a national industrial market with strong fundamentals and robust user and investor interest," said Stephen Panos, Managing Director and Senior Fund Manager at Realterm. "Expanding our presence in this well-established freight market advances our strategy of owning assets in key freight hubs with robust growth such as the Twin Cities metro region.”

The site benefits from proximity to major highways (I-35W, I-694), the UP and BNSF intermodals, and its central location in the broader metro area.

"With historically low vacancy rates and limited new construction in the Minneapolis market, this modern facility's strategic location underscores the value of this acquisition and makes it an ideal addition to our portfolio," said Gianni Vissat, Vice President, Investments, Central Region at Realterm. “The acquisition continues our strategy of acquiring high-quality transportation-advantaged industrial outdoor storage facilities across the country.”