Transwestern Midwest Capital Markets Team Negotiates Sale
September 12, 2022
MINNEAPOLIS – Transwestern Real Estate Services (TRS) announces its Midwest Capital Markets Group brokered the sale of a six-building, 191,968-square-foot industrial portfolio in Northeast Minneapolis. Harrison Wagenseil and Erik Coglianese represented the seller, a private family office, in the transaction and secured the buyer, Builgo Capital Partners, a private equity group new to the Minneapolis – St. Paul market.
“Buligo is excited to add the newly branded Mill Industrial Works complex to our growing industrial portfolio,” said Mel Fish, Director of Acquisitions for Buligo. “Planting the Buligo flag in Minneapolis is an important milestone for our strategic expansion across the Midwest, and our goal is to become a name brand for value-add, multi-tenanted industrial product in the market. We thank the Miller family for their impressive generational care and stewardship of the property and its tenants. We certainly have big shoes to fill as we carry forward the legacy.”
The 100% leased, value-add portfolio marks Buligo’s first acquisition in Minnesota. Transwestern’s Industrial Services team of Alex Baron, Nate Erickson and Ben Youds will take over leasing of Mill Industrial Works.
Transwestern’s Midwest Capital Markets Group provides investment sales and financing solutions to investors across the commercial real estate spectrum. The team includes experts who individually specialize in office, industrial, retail, multifamily and senior living assets and medical office buildings throughout the country.
About Buligo Capital Partners
About Buligo Capital Partners: Headquartered near Tel Aviv, Israel with a local office in Haverford, Pennsylvania, BCP currently has assets with total capitalization of approximately $2.5 billion. Buligo’s portfolio consists of 128 properties comprised of approximately 9,000 apartment units and a rapidly growing industrial portfolio. Buligo currently owns approximately 1.8 million square feet of industrial real estate for a total capitalization of $197 million. For more information about Buligo, visit: buligocapital.com
About Transwestern Real Estate Services
Transwestern Real Estate Services (TRS) adds value for investors, owners and occupiers of all commercial property types through a comprehensive perspective and by providing solutions grounded in sound market intelligence. Part of the Transwestern companies, the firm applies a consultative approach to Agency Leasing, Asset Services, Tenant Advisory + Workplace Solutions, Capital Markets, and Research & Investment Analytics.
The privately held Transwestern companies have been delivering a higher level of personalized service and innovative real estate solutions since 1978. Through an integrated, customized approach that begins with good ideas, the firm drives value for clients across commercial real estate services, development, investment management, and opportunistic endeavors for high-net-worth investors. Operating from 33 U.S. offices, Transwestern extends its platform capabilities globally through strategic alliance partners whose unique geographic, cultural, and business expertise fuels creative solutions. Learn more at transwestern.com and @Transwestern.