IAG Commercial Completes Sale of 136,802sf Industrial Building in New Hope, MN

New Hope, MN 12/14/2021

Jeff LaFavre and Michael Sedley of IAG Commercial represented Tresco Realty, LLP in the sale of a 136,802  SF industrial building, located at 8801 Science Center Drive, in New Hope, MN.

IAG Commercial listed the building for sale or lease in October, 2020. Many of the inquiries received were end-users who preferred  to purchase rather than lease. IAG advised Tresco that a sale would attract more users and increase the chance of a positive outcome.  Tresco agreed to sell the asset, and IAG negotiated a sale price of $7.6M. The buyer, Lamn, LLC, is an ownership group affiliated with Lube-Tech, who will be using the building for both production and distribution.

IAG Commercial worked with Buyer’s Representatives Brent Masica and Danny McNamara, from Cushman and Wakefield.  


Stay in Contact with IAG Commercial

Connect with our team & stay in touch.
* We don't share your data. See our Privacy Policy
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.