United Properties negotiated the sale of eight Thrivent-ownedbulk industrial buildings totaling 996,000 sf to Shoal CreekProperties, Ltd., a private buyer from Austin, TX. The buildingsare located in Denver, Minneapolis and Phoenix, and are about 85%occupied. The transaction totaled $38.65 million or about $39 persf.

United Properties also recently negotiated the sale of a14-building, 1.6-million-sf bulk industrial portfolio in Houston.Invesco, a Dallas-based pension fund advisor, purchased theportfolio for $75.2 million, or about $46 per sf. The buildings arecurrently 95% occupied.

United Properties is a full-service commercial real estatecompany based in Bloomington, MN, with more than 400 employees and26.5 million sf of office, industrial, retail and multi-familyproperties under management. The company specializes in brokerage,property management, corporate real estate services, facilityservices, construction management, development services andinvestment services.