St. Paul, Minn., warehouse space<\/a>, in addition to about 30,000 square feet of office space.<\/p>\nFormerly serving as the headquarters of online and catalog retailer The Sportsman\u2019s Guide, the facility was reportedly fully available for occupancy at the time of sale, creating an opportunity for IRG to reposition and market the property to industrial users.<\/p>\n
Strategically located just a few minutes from Interstate 494, the property provides convenient access to the broader Minneapolis-St. Paul interstate network and is approximately 15 minutes from both downtown St. Paul and the Minneapolis-St. Paul International Airport.<\/p>\n
Notably, the property\u2019s design allows it to accommodate a single large user or be divided to support multiple tenants. Features include: cross-dock loading on three sides; 36 dock-high doors; two drive-in doors; a 110-foot truck court; 22-foot clear height; substantial employee parking; and an existing Union Pacific rail spur and rail doors.<\/p>\n
\u201c411 Farwell is a highly functional distribution asset with the infrastructure, scale, and location to serve a wide range of industrial users,\u201d said Peter Goffstein, executive vice president of IRG. \u201cThe property\u2019s cross-dock configuration, rail capability, and access to the Twin Cities transportation network make it a strong addition to our portfolio and an attractive opportunity for companies seeking efficient regional or national distribution space.\u201d<\/p>\n
Construction in the Twin Cities market saw the industrial pipeline expand 81% in 12 months with nearly 5.6 million square feet of new industrial space in development at the close of July 2026.<\/p>\n
Furthermore, with leases averaging $7.77 per square foot, industrial space in Minnesota\u2019s Twin Cities commanded roughly $1 more per square foot than rents in Chicago as of July.<\/p>\n
At the same time, sales closed here during the first seven months of the year added up to $595 million \u2014 the fourth-largest year-to-date sales total among Midwestern U.S. markets in July.<\/p>\n","protected":false},"excerpt":{"rendered":"
Strategically located just a few minutes from Interstate 494, the property provides convenient access to the broader Minneapolis-St. Paul interstate network and is approximately 15 minutes from both downtown St. Paul and the Minneapolis-St. Paul International Airport.<\/p>\n","protected":false},"author":48,"featured_media":7453,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[6,2],"tags":[],"class_list":["post-7452","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commercial-real-estate-news","category-industrial-real-estate-news"],"acf":[],"yoast_head":"\n
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