DALLAS, TX – September 2026 – Sealy & Company, a fully integrated commercial real estate investment and operating company and recognized leader in the industrial real estate market, announces the acquisition of the NW Minneapolis Light Industrial Portfolio, a two-building, 306,418-square-foot industrial portfolio located in Plymouth and Brooklyn Park, Minnesota.
Located within Minneapolis-St. Paul’s Northwest industrial submarket, the portfolio is 100% leased to four tenants and adds two functional light industrial facilities to Sealy & Company’s industrial portfolio in an established Minneapolis industrial corridor.
A Two-Building Light Industrial Portfolio
The portfolio consists of 975 Nathan Lane N in Plymouth and 7316 Aspen Lane N in Brooklyn Park. The two properties serve a mix of distribution, manufacturing, and production uses and provide flexible industrial functionality across two locations within the Northwest submarket.
975 Nathan Lane N is a 210,418-square-foot rear-load industrial facility with 24-foot clear height, 13 dock-high doors, five drive-in doors, and a 185-foot truck court. The property serves as a regional supply hub supporting residential and commercial contractors throughout the Twin Cities.
7316 Aspen Lane N is a 96,000-square-foot multi-tenant rear-load facility with 23-foot clear height, 13 dock-high doors, and two drive-in doors. Its tenant base supports a range of manufacturing, packaging, and production operations.
“The NW Minneapolis Light Industrial Portfolio adds two well-located, functional assets with established tenancy in a market where industrial space remains in demand,” said Jason Gandy, Managing Director – Investment Services at Sealy & Company. “The properties serve a range of industrial uses and provide the flexibility that supports their long-term relevance within the Northwest Minneapolis submarket.”
Property Highlights
- 100% occupied
- 975 Nathan Lane N – 210,418 square feet
- 7316 Aspen Lane N – 96,000 square feet
- 26 total dock-high doors
- Seven total drive-in doors
- Rear-load configurations
- Located within Minneapolis-St. Paul’s Northwest industrial submarket
Positioned Within Minneapolis’ Largest Industrial Submarket
The NW Minneapolis Light Industrial Portfolio is located within the Northwest industrial submarket, the largest industrial submarket in Minneapolis with approximately 84.8 million square feet of industrial space. The submarket recorded a 2.7% direct vacancy rate and approximately 2.3 million square feet of positive net absorption in 2025.
Both properties benefit from access to the region’s transportation network. 7316 Aspen Lane N is approximately 2.5 miles from I-94 and 4.0 miles from I-694, while 975 Nathan Lane N is approximately half a mile from State Route 169 with additional access to I-394, I-494, and I-94.
“Northwest Minneapolis has established itself as an important industrial submarket within the Twin Cities, supported by strong tenant demand and access to the region’s transportation network,” said Scott P. Sealy, Jr., Chief Investment Officer at Sealy & Company. “Adding two fully occupied facilities in Plymouth and Brooklyn Park gives us an opportunity to invest in functional industrial real estate within a market that continues to demonstrate strong fundamentals.”
Sealy & Company’s Investment Services team, led by Jason Gandy, Managing Director – Investment Services, and Davis Gibbs, Director – Investment Services, oversaw the acquisition. CBRE represented the seller in the transaction. Sealy & Company appreciates the CBRE team for its collaboration in completing the acquisition.
For more news and information regarding Sealy & Company, please visit the company’s website at www.Sealynet.com.
About Sealy & Company
Founded in 1946, Sealy & Company is a fourth-generation family-owned commercial real estate investment and operating company specializing in industrial and logistics properties. The firm acquires, develops, redevelops, manages and operates industrial real estate throughout the United States through a fully integrated platform that includes acquisitions, development, asset management, property management, construction management, and brokerage services. Sealy & Company currently manages more than $3 billion in assets and has completed over $8 billion in investment volume throughout its history.