WAYZATA, MN – Steiner Development has bought a 443,000-sf industrial real estate portfolio consisting of buildings in Brooklyn Center, Eden Prairie, and Golden Valley, MN. The acquisition includes a two-building complex totaling 259,000 sf at 6820-6840 Shingle Creek in Brooklyn Center; the 94,000-sf Golden Valley II; and the 90,000-sf Shady Oak I in Eden Prairie.

The purchase was made in partnership with a private investment group led by Stan Baratz and Kirt Woodhouse. Wayzata, MN-based Steiner, which has 2.45 million sf of industrial space under management, will be the property manager and leasing agent for the properties.

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