CIRE Equity Expands Portfolio with Acquisition of 1280 Disc Drive
1280 Disc Drive, Shakopee, MN
$36M
Purchase Price
405,146
Square Feet
28.62
Acres
Direct Relationship Transaction for
Industrial Flex/R&D Space
We are thrilled to announce the successful acquisition of 1280 Disc Drive, a state-of-the-art 405,146 SF single-tenant net-lease R&D/manufacturing campus on 28.6 acres in Shakopee, MN, part of Minneapolis-St. Paul MSA!
Strategic Sale-Leaseback: Acquired as part of a sale-leaseback to Seagate Technology, a global leader in data storage solutions.
Versatile Facilities:The facility contains research & development spaces, fully-equipped laboratories, modern office amenities, warehouse areas, and an impressive 25k SF of clean rooms.
Strong Market Fundamentals:Positioned in the Southwest submarket of the Minneapolis-Saint Paul metro, the property benefits from access to an educated labor pool of over 3.7 million people.
Prime Location: Proximity to nearby manufacturing centers, academic institutions, and major transportation hubs, including the Minneapolis-St. Paul International Airport.
This latest acquisition enhances our CREIT portfolio -- reinforcing our dedication to delivering value through strategic investments and continuous growth in the industrial space.
Click below to discover insights into our portfolio and explore investment opportunities within CREIT, our perpetual-life real estate platform.
